28th Jan 2014 08:27
LONDON (Alliance News) - Globo PLC said Tuesday that it expects its profits for the full year ended December 31, 2013 to be in line with expectations, as it saw revenues rise more than 50%.
The telecom software products and services says revenues were EUR72 million, up 57% from EUR46 million in the previous year, boosted by growing sales of its GO!Enterprise development platform.
Globo said that it had seen continued demand for its consumer and enterprise products, buoyed by the growth of the bring-your-own-device trend in businesses. This means that employees bring their own mobile devices and install applications or access company information on those devices.
The company said it is focused on expanding in Western Europe and the US via organic growth and acquisitions. Globo will make investment in sales and marketing to grow its customer base, and said it will focus on direct sales to end users towards the end of 2014.
Globo said that its current year trading had begun strongly, and expressed confidence that it will see another year of growth and market penetration as the bring-your-own-device trend continues.
Shares in Globo were trading up 8.9% at 62.06 pence shortly after market open Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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