3rd Dec 2024 14:30
(Alliance News) - Celebrus Technologies PLC on Tuesday said it was confident about meeting annual targets after a profit jump in the half-year.
The Sunbury-on-Thames, England-based data management company said pretax profit rose 45% to USD250,000 in the six months ended September 30, compared to USD172,000 year-on-year.
Adjusted pretax profit climbed to USD1.0 million from USD100,000 a year ago, Celebrus said.
The company also reported a total revenue rise to USD17.2 million, up 6.2% from USD16.2 million the year prior.
Celebrus increased the interim dividend per share by 3.3% to 0.95 pence, compared with 0.92p year-on-year.
The technology firm noted high visibility of opportunities expected to close in the second half of financial 2025. Despite a consumer slowdown in the past two months "reflecting the uncertain global geopolitical situation", Celebrus reported "more positive movement in recent weeks".
The company said it had boosted protection measures for personally identifiable information and highlighted Celebrus Cloud, its single-tenant data storage platform, as a key contributor to half-year success. Celebrus is in the process of transitioning to a cloud-centric business model, and said that moving away from multiple datacentres to a single site had supported this, particularly when it came to customer onboarding.
Recent customer wins reflected "a healthy mix of new logos and upsells of existing customers", including an airline, UK energy company, US healthcare customer and European bank.
Celebrus shares were up 0.7% at 304.46 pence each on Tuesday afternoon in London.
By Holly Munks, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.