Idox's revenue rise beats expectations Idox, the Aim-listed software group that counts 90 per cent of Britain's local authorities as customers, reported a 50 per cent rise in revenues in the year to October. The group, whose businesses include one that helps to manage local elections and count votes, said revenues reached £58m - higher than analysts" expectations. Fatter margins meanwhile pushed up pre-tax profits 23 per cent to £6.9m. The group highlighted the strength of like-for-like sales. However, acquisitions costing £24m during the year also boosted sales while diversifying Idox's customer base. Non-UK sales increased to 31 per cent of the total from about 12 per cent last year and Idox, which has net debt of £21.5m, signalled that more acquisitions were on the cards next year. The shares which were 10p in 2008, have doubled in the past year to 53p, valuing the company at £185m.