Software company Atlantic Global PLC (ATL.LN) Friday said it expects an improved second half, after cut backs in client spending contributed to a first-half loss, but said there is no certainty that the second half will offset the weaker prior period.

In a trading update for the six months ended June 30, Atlantic Global, which develops management software for businesses, said it incurred a pretax loss of GBP150,000.

However, the company said it experienced increased activity in the second quarter with companies including Man Group PLC (EMG.LN) and GlaxoSmithKline PLC (GSK.LN) signing up to its OnDemand software service.

Atlantic Global said it has also secured first phase payments on contracts with two unnamed customers, and said it expects further revenue from these firms in the second half.

The company, which will post its interim results Sept. 22, said it had cash of around GBP2.3 million at June 30 compared with GBP2.2 million at Dec. 31.

Company Web site: www.atlantic-global.co.uk

-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; rachael.gormley@dowjones.com
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