27th Jan 2016 09:32
LONDON (Alliance News) - Blur Group PLC on Wednesday said its revenue for 2015 is set to meet market expectations, and its earnings will slightly outpace them following a good improvement in the fourth quarter.
Blur, which operates an enterprise services platform and marketplace, said it saw an increase across the board in enterprise projects on its platform in the fourth quarter and said its revenue mix improved.
Total revenue for the full year is expected to meet market expectations but the group said its earnings will slightly beat the market view amid good sales of its higher-margin products.
"The group made solid progress in the last quarter of 2015. Our decision to focus on securing Enterprise customers is proving to be effective as reflected in the increasing proportion of such customers in our overall revenue," said Blur Chief Executive Philip Letts.
Blur shares were up 11% on Wednesday to 12.24 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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