Axon exceeds market expectations                                                        19/01/2005

Axon, the business transformation services company, today announced that 2004 trading results will exceed current market expectations. The company expects to report year-on-year PBTA* and revenue growth of around 40% and 20% respectively, showing PBTA* of not less than £7.1 million on turnover of approximately £60 million.

"Our focus on the needs of large organizations that have chosen SAP continues to deliver results," said CEO Mark Hunter. "We are winning new clients and market share based on the quality and value of our people and our business transformation proposition. We are now the number one company of our type in the UK."

"As we announced in 2004, our growth strategy is taking us into new countries, new sectors and new partnerships, but our proposition and values are unchanged. We deliver business transformation programs for large organizations which have chosen SAP, and we do so better than any other company in the market."

"We have already made an excellent start to 2005 and we are confident we will deliver both revenue and profit ahead of current market expectations. We hope to provide further information on both our progress and our plans when we present our full results."