Dillistone still cautious despite trading ahead of forecasts

(Sharecast News) - Recruitment software and service provider Dillistone Group said in an update on Wednesday that its trading performance for the first half was slightly ahead of management expectations. The AIM-traded firm, which was holding its annual general meeting, said despite that, market conditions remained challenging and had softened further in the second quarter.

Chairman Giles Fearnley said recruitment firms were currently less inclined to invest in new technology, and existing clients were often reducing in size.

"While the group expects therefore to see revenue fall, it remains confident in its ability to deliver satisfactory performance for the full year in line with management expectations," Fearnley said.

Reporting by Josh White for Sharecast.com.