At its recent capital markets day, Emis Group Plc (LON:EMISG) outlined its plans to reinvigorate revenue growth and unveiled its new platform, EMIS-X, onto which it plans to move all of its software. With new applications just launched and under development, the company expects to expand its addressable market. In the medium term, it is targeting an acceleration of annual revenue growth to mid to high single-digits and an expansion in operating margins from the current 21% towards 30%.
Plan to unify all solutions on EMIS-X platform
EMIS is developing a new platform, EMIS-X, onto which it will ultimately move all of its software products. It is upgrading EMIS Web to meet the requirements of IT Futures and will shift users over to EMIS-X on a modular basis. To meet NHS requirements for interoperability, the platform is designed to give clinicians the ability to access a comprehensive view of a patient using data from EMIS and third-party software systems. At the same time, EMIS is planning to shift all 40m records hosted in its datacentres to Amazon (NASDAQ:AMZN) Web Services (AWS).
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