StockMarketWire.com - IMImobile said it expected revenue to top market expectations, with earnings marginally ahead driven increased demand for automation.

Revenue for the full year was expected to grow 28% to £142m from £111.4m, and adjusted earnings (EBITDA) for the full year was expected to grow over 30% to about £17.8m from £13.4m a year earlier.

Gross profit was expected to rise 20% to about £62m for the year driven by growth in Europe, Americas and Asia-Pacific region and enterprise business in South Africa.

The number of clients that provide more than £0.5m a year in revenue increased to 40 from 33 in 2018 and clients with revenues between £0.1m and £0.5m a year earlier doubled to 89 from 43.

'We are pleased with the strong trading results and momentum we have in the business. This reflects the market dynamics shifting towards more automation and the use of digital channels for delivering better customer experience,' said Jay Patel, Group Chief Executive of IMImobile.


At 9:37am: [LON:IMO] Imimobile Plc share price was +20.5p at 307.5p



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