LONDON (Alliance News) - Shares in Globo PLC Thursday jumped 11% after it said that it had achieved strong revenue growth in the nine months ended September 30, with performance ahead of management expectations.
In the first nine months the company said it had revenues up 58% over the previous year at EUR50.01 million. The smart phone software company said that it expects its cash flow to further improve as it penetrates more mature markets.
"Further improvements in the product line and a significant shift towards Western markets are under-way as we focus our efforts on establishing Globo in Enterprise Mobility, one of the biggest global technology markets," said Chief Executive Officer Costis Papadimitrakopoulos in a statement.
Shares in Globo were trading up 11% at 64.83 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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