sopheon plc shares rose thursday after it said its 2022 pretax profit rose together with revenue while adjusted earnings beat market expectations shares at 0852 gmt were up 1150 pence or 20 at 6900 pence the provider of software and services said pretax profit rose to 13 million from 12 million despite absorbing 22 million of mergers and acquisitionsrelated amortization and intangible impairments revenue rose to 368 million from 344 million while annual recurring revenue rose 17 to 243 million at the start of 2023 adjusted earnings before interest taxes depreciation and amortization rose to 69 million from 62 million which the company said exceeds market expectations sopheon said it has fullyear revenue visibility of 284 million from 251 million at the same time a year prior the board maintained its dividend at 325 pence a share we start 2023 with a strong foundation of annual recurring revenue a stable of new products and a growing sales pipeline i look ahead with both excitement and confidence anticipating continued delivery this year alongside rising velocity in our business chairman andy michuda said