28th Jan 2015 08:42
LONDON (Alliance News) - Blur Group PLC said Wednesday project bookings on its Global Services Exchange more than double in 2014 to USD49.1 million, compared to USD22.2 million in 2013.
Blur operates the Global Services Exchange, a cloud-based platform where buyers can submit briefs for a range of professional and business services.
The company said that project bookings in the second half of 2015 were up to USD33.1 million from USD17.0 million, and around 40% of these bookings came from what it calls 'enterprise' customers, meaning those with revenue greater than USD500 million per year.
"These results clearly demonstrate the importance of enterprise customers to the long-term success of Blur. 2014 was a pivotal year for Blur, as demonstrated by the doubling of project bookings, the level of repeat business, and the increasing adoption of the platform by larger enterprise customers," said Chief Executive Officer Philip Letts in a statement.
Shares in Blur are trading up 9.8% at 78.50 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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