The update26 Oct 2010 20:36
(RTTNews) - Bango plc (BGO.L: News ), in its trading update, said the board expects the market developments to improve Bango's growth prospects and profitability as Bango gains increased revenues and higher percentage margins from larger customers in the medium term.
Bango added that it is benefitting from the significant growth in application store activity and the board anticipates that these benefits would have a material impact on the profitability of the company in the year ending March 31, 2012.
During the first half of the year, Bango said it has witnessed a significant growth in demand from these application stores for its billing and analytics technology, including from industry leaders such as RIM (Blackberry), Gameloft, EA, Fox, Yahoo and Turner.