Blancco Technology Group PLC - Bishop's Stortford, England-based provider of mobile device diagnostics - Expects results for year ended on June 30 to be above market expectations with growth across all geographies. Says the strong performance in the first half of year has continued, with the firm benefitting from "enduring growth drivers of sustainability and governance". Revenue is now expected to be above market guidance and operating profit is expected to be "comfortably higher" than current forecasts.
Chief Executive Officer Matt Jones says: "Demand for Blancco's best-in-class products and services is strong with the tailwinds of governance and sustainability giving us confidence in continued growth in the years ahead. With various legislation on data security and now increasingly on sustainability emerging, Blancco is well placed for continued growth as a beneficiary of these structural market drivers."
Back in February, the firm had reported revenue for the first half ended on December 31 of GBP24.0 million, up 22% from GBP19.7 million the year prior. Pretax profit rose by 44% to GBP2.6 million from GBP1.8 million a year ago.
Current stock price: up 8.2% on Monday afternoon at 169.30 pence each
12-month change: down 14%
By Xindi Wei, Alliance News reporter
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