UPDATE 1-StatPro says H1 trading ahead of its view

* Says confident of FY results

* Shares indicated up 7 pct

July 14 (Reuters) - Analytics software provider StatPro Group Plc (SOG.L) said trading for the first half was significantly above the year-ago period and was ahead of its estimates, helped by new contracts.

StatPro, which provides software to the asset management industry, said it was confident of the full-year results as market conditions in the fund management sector appeared to remain stable for the second half of 2009.

Operating cash inflow in the first half continued to be strong, resulting in a reduction in net debt to about 10.8 million pounds ($17.6 million) at June 31, from 14.6 million pounds at Dec. 31.

Shares of the company, which generates 80 percent of its revenue outside the UK, were indicated up 7 percent at 0705 GMT. They closed at 71.5 pence on Monday on the London Stock Exchange. ($1=.6155 Pound) (Reporting by Purwa Naveen Raman in Bangalore; Editing by Gopakumar Warrier)