27th Sep 2013 08:50
LONDON (Alliance News) - Shares in Phorm Corporation Limited, an internet personalisation technology company, jumped 107% after it reported strong growth in revenue and its other key performance indicators in a trading update Friday.
The company said that it now had 3.6 million monthly opted-in users, and 1.2 million users active on a daily basis, a 100% increase from numbers in June.
Despite market activity being at seasonal lows, the company said, it had seen growth in revenues and had received good feedback from its customers. It said that it an average of 40 million advertising requests per day, up from 30 million in June. As of the end of August, Phorm said that its number of advertising impressions had grown over 70% to 67 million.
It said that it was building revenues based on these results, and would update the market in due course.
Shares in the company were trading up 107% at 6.20 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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