Norkom, which specialises in financial crime and compliance software, has reported pre-tax profits of €3.6m for the year to the end of March, up 84% on the previous year in its first set of results since listing on the stock exchange.
Sales rose 38% to €25m and operating profit was 52% higher at €3.4m. Earnings per share increased 43% to 4.08 cent.
Norkom said its North American revenue grew by 35% during the year, while continental Europe showed 40% growth. Growth in Ireland, the UK and elsewhere was 39%.
The company said the world markets for its technology continued to grow, due to increase regulatory demands, higher costs and increased incidences of organised crime. It said it was confident of achieving similar growth rates in its current year.
Shares in Norkom were up seven cent at €2.02 in Dublin this afternoon.
