Insurance software specialist, Sirius Financial Solutions, improved its financial performance during 2002, posting a £2.1m rise in operating profits to £2.8m.
During a tough year for IT firms, Sirius succeeded in stabilising it's recurring - or licence fee - revenues at £6.3m for the year.
The group also increased its turnover by 30.6% to £22.7m.
Group chief executive Stephen Verrall said: "In 2002 we grew our sales by an outstanding 31% driven by market-leading products and a loyal and growing customer base.
"Our sales success was well balanced across all of our key products as we made further global sales of Sirius for Underwriting, saw Sirius for Broking outsell all its direct competitors and established Swift as a market leading software package for larger financial advisers."
The group's increased sales during 2002 enabled it to return an interim dividend of 1.0 pence per share to shareholders. It said it hopes to raise this to a final dividend of 1.75 pence per share.
Verrall added: "Although the technology and insurance sectors continue to experience challenging times, we have confidence in our ability to build on our recent successes."
