RungePincockMinarco Limited has provided an update on software license sales for the fiscal 2014 year, achieving a 43% increase on prior year license sales to finish at $9.7 million compared to $6.8 million for the fiscal 2013.

As expected, the fourth quarter of the year was the strongest in terms of license sales with deals in the quarter of $3.3 million, up 153% on the prior comparative quarter of $1.3 million.

The Group is also finalising the impact on financial results of movements in foreign exchange rates but is expecting operating EBITDA, prior to restructuring costs, for fiscal year 2014 to finish towards the bottom end of its previously advised range of circa $1.0 million loss.