Allocate Software (LON:ALL) (ALL, 70.5p, £43.62m) has announced 14 Q1 contract wins with 7 new NHS contracts for Healthroster - taking the total users to 126 Trusts, a contract for BSMS Trinity – the groups bank management application, 3 contracts for its clinical governance application and 2 for TimeCare and post Q1 a contract for Healthroster in the USA. We maintain the BUY recommendation with an 88.5p price target.  

Eckoh Plc (LON:ECK) (ECK, 5.12p, £10.23m) The group has started the new financial year with strong trading. New contracts wins towards the end of last year and this year provides the group with confidence it will report double-digit margin growth for H1 2011. The benefits of the contracts signed this financial year will bear fruit in H2. We are impressed by the group’s performance. The Redstone debt is now resolved resulting in a strong cash position and a healthy balance sheet. We believe further contract wins will act as a catalyst to increase the share price. We reiterate our BUY recommendation.

Focus Solutions Group (LON:FSG) (FSG, 51.5p, £15.32m) has won two contracts, worth a total in excess of £0.5m for a 4 year enterprise license for focus:progress1. We maintain our BUY recommendation with the 59p price target.  

Intercede Group (LON:IGP) (IGP, 36.5p, £17.58m) has won a contract to supply its My Identity and Credential Management System to a large US Federal Agency. With an initial target installed base of some 7,500 with the potential to expand this contract widens the applicable marketplace. We do see some upside based on existing forecasts of £2m PBT with 4.1p EPS to around 41p - just sufficient to maintain the BUY.  

Parseq (LON:PSQ) (PSQ, 6.625p, £28.97m) Interims to June 2010 saw revenues decline to £2.75m (£3.16m), gross profits of £2.22m (£2.72m), gross margins of 80.7% (86.2%) reflecting a one off step change due to investment in a hosting centre, op expenses of £2.44m (£2.30m) leaving underlying op losses of £0.21m (op profit £0.46m) and lower investment income led to a pre-tax loss of £0.46m (PBT £0.46m). Net cash ended at £0.69m (£1.08m at the year-end). H1 was…

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