RE: Half year v full year7 Jan 2021 12:52
just before i leave you a nice wringfrom the shares magazine 27 Nov
Whilst trading through the Covid-19 crisis was always going to be difficult to forecast, what is most telling about today’s release is that LoopUp’s core conferencing revenues are now some 9% below pre-Covid-19 levels, despite continued high levels of remote working, and with even the more resilient professional services sector only up 6%,’ said Megabuyte analyst Philip Carse, who had warned of the threat from rivals back in July.
‘Put simply, the shift to IP-based and generally free at point of use conferencing services such as Microsoft Teams, Google and Zoom that was evident last year has now resumed, and actually accelerated, as organisations have implemented longer-term solutions to the new Covid-19 world.’