The integrated website architect has produced some very pleasing full year results. In the year to 31 December, turnover rose 35% to £11.8m with pre-tax profits climbing 28% to £1.2m. Managing director John Lythall attributed the slight drop in margins to some lower margin Y2K work late in the year by its US arm, and also to the high cost of recruitment. In fact, this seems to be the only factor holding back growth in the sector as a whole as it is getting more difficult - and more expensive - to find and retain high quality software staff. The acquisition of AXL brings with it very similar business skills to I S and a degree of diversity - AXL is focused on financial services websites. Earnings per share rose 28% to 17.56p and the dividend was raised 20% to 3.2p, making a total for the year of 4.8p. A move to the Full List should take place in May.