LONDON (Alliance News) - Globo PLC said Monday that its 2014 profit is expected to be "broadly" in line with market expectations, and that trading in 2015 has started strongly.
In a trading update, the software as a services firm said its 2014 revenue was EUR106 million, up from EUR71.5 million a year before.
Within this its GO!Enterprise division produced sales of around EUR57 million, compared with EUR29.9 million a year before, and its consumer mobile portfolio produced revenue of EUR38 million, up from EUR34.8 million.
For 2015 the company said its focus continues to be further expanding its presence and revenues in the US. It acquired Sourcebits Inc for USD12.0 million last July, and the company said it will continue to consider selective acquisitions.
It expects to make "significant" investment in its sales and marketing as it builds up its US operations.
"We remain confident about our future prospects and believe that 2015 will be another successful year," said Chief Executive Officer Costis Papadimitrakopoulos in a statement.
Shares in Globo are trading up 4.8% at 44.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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