Shares in Learning Technologies surged 14.7 percent in early trading.

The company revealed its full-year outcome to be significantly ahead of expectations following its acquisition of PeopleFluent in May.

Learning Technologies acquired PeopleFluent in April for $150 million. The deal was partly funded through a share placing that raised £85 million.

The first half of 2018 saw revenue rise 60 percent from £21.1 million the year before to £33.8 million.

The board of the company are now expecting the earnings before interest and tax to increase by at least 25 percent in 2019.

Jonathan Satchell, the chief executive officer of Learning Technologies, said: “The first half of 2018 has been pivotal for LTG with the PeopleFluent acquisition confirming our shift towards recurring software revenues, and significantly increasing our US presence. Together with NetDimensions, PeopleFluent demonstrates our ability to successfully integrate businesses and drive growth and margin progression through operating model improvements.”

“Alongside our track record of delivering organic growth and substantial margin improvements, LTG has a strong balance sheet and acquisition pipeline and is well placed to continue its strategy of consolidating the high growth corporate e-learning market. A robust performance from our core business and the successful integration of PeopleFluent underpins our confidence that full-year profit will be significantly ahead of the board’s expectations,” he added.

Shares (LON: LTG) increased 14.7 percent at 144.5p.