Profit remained stable as expenses increased from £32.4m to £39.1m.

Software house Acturis has reported steady profit after tax of £19.1m for the full year 2017, a slight drop on the £19.4m posted the previous year.

Revenue went up by 12% from £55.3m to £62.2m but operating expenses also grew to £39.1m (2016: £32.4m).

In addition, the software house’s operating profit remained relatively flat at £23.0m compared to £22.9m in 2016.