TIDMIMO
RNS Number : 4561T
IMImobile PLC
30 March 2016
30 March 2016
IMIMOBILE PLC
("IMImobile" or the "Group" or the "Company")
Trading Update
Strong growth in 2016, well positioned for 2017
IMImobile PLC, a software and services company helping
organisations to engage with their customers on mobile devices, is
pleased to announce the following update ahead of its preliminary
results for the year ended 31 March 2016.
Financial and Operational Highlights
-- Group trading in line with market expectations
-- Strong trading momentum and organic growth
in all regions and business units: revenue
and gross profit are expected to have increased
by c25% and c20% respectively
-- Strong year-on-year growth in Europe and
the Americas, with a mix of new contract
wins and major contract renewals
-- An excellent year in MEA with significant
organic gross profit growth from monthly
run rate revenues
-- A return to growth in the India and SEA region
driven by a mix of new mobile operator deployments
and successes in the Enterprise market
-- Acquisitions successfully integrated with
TextLocal launched and growing in India,
and a pipeline of new opportunities developed
by Archer Digital
-- Major progress with new releases of IMIconnect,
IMIdigital, IMIchat and IMIcampaign products
Europe & Americas
The Group's largest customer in the region has renewed its
contract for a further two years and the Group has secured multiple
contracts across mobile operators, financial services, and gambling
and gaming customers. All of these contract wins have contributed
during the period.
The pipeline of US opportunities also remains strong, and the
Board remains optimistic toward the prospects of working with
mobile operator clients in the territory.
MEA
Growth has come from a mix of new deployments as well as further
extensions of existing accounts. A strong pipeline of new
deployments positions the business well for further growth in
FY17.
The Group's acquisition of Archer has bedded in well and
presented several opportunities for cross selling the IMImobile's
product suite into the existing Archer customer base. These
opportunities are progressing well and are expected to contribute
further during the coming year.
India & SEA
Growth from both mobile operator and enterprise business units,
driven by new deployments, has increased closing monthly run rate
of revenues and positions the region well for continuing growth
into FY17 and beyond.
The launch of the TextLocal platform in India has also shown
good promise, with more than 1,500 paying users signing up within
the first six months of launch.
Jay Patel, Chief Executive of IMImobile PLC, commented:
"The Group enters the new financial year in a good position to
achieve its growth expectations. We have a strong pipeline of
opportunities and deployments which are expected to contribute to
revenues during FY17.
We remain confident about our future performance. Investment and
innovation in our product suite allows us to continue helping major
organisations address a critical business imperative for digital
transformation. Our continuing cash generation and strong trading
performance leave us well placed to take advantage of consolidation
opportunities across the industry."
For further information please contact:
IMImobile PLC c/o Redleaf Communications
Jay Patel, Chief Executive Tel: +44 (0)20
Mike Jefferies, Group Finance Director 7382 4769
Redleaf Communications - PR adviser Tel: +44 (0)20
Rebecca Sanders-Hewett 7382 4769
Charlie Geller imimobile@redleafpr.com
Investec Bank - Nominated Adviser Tel: +44 (0)207
and Broker 597 4000
Dominic Emery
Henry Reast
Whitman Howard - Joint Broker Tel: +44 (0)207
Ranald McGregor-Smith 659 1234
About IMImobile PLC
IMImobile enables organisations to maximise the potential of
mobile technologies to improve customer engagement. We believe that
mobile will sit at the heart of customer engagement strategies for
many years to come.
We help remove the barriers and complexities faced by
organisations by providing a cloud based communications platform
and a suite of software products to help our customers rapidly
create and deploy mobile user journeys that enable them to reduce
service delivery costs, improve marketing and customer service
effectiveness and generate revenues.
Our technologies act as an intelligent software layer between
existing IT systems, complex business processes and customer touch
points across mobile, digital and social media channels.
Organisations that trust us to deliver smarter customer
engagement include Vodafone, O2, Aircel, Airtel, EE, BSNL,
AT&T, MTN, France Telecom, Centrica, Coca-Cola, Universal
Music, Tata, the AA, the BBC and major financial institutions.
IMImobile is headquartered in London with offices in Hyderabad,
Atlanta, Dubai and Johannesburg, with over 750 employees worldwide.
IMImobile is quoted on the London Stock Exchange's AIM market with
the TIDM code IMO.
Cautionary statement
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. Forward-looking statements often use words such
as anticipate, target, expect, estimate, intend, plan, goal,
believe, will, may, should, would, could, is confident, or other
words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this
document and, by their very nature, they are subject to known and
unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and IMImobile's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements.
There are a number of factors which could cause actual results
to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause
actual results to differ materially from those described in the
forward-looking statements are; increased competition, the loss of
or damage to one or more key customer relationships, the outcome of
business or industry restructuring, changes in economic conditions,
currency fluctuations, changes in laws, regulations or regulatory
policies, developments in legal or public policy doctrines,
technological developments, the failure to retain key management,
or the key timing and success of future acquisition opportunities
or major investment projects.
IMImobile undertakes no obligation to revise or update any
forward-looking statement contained within this announcement,
regardless of whether those statements are affected as a result of
new information, future events or otherwise, save as required by
law and regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTMMGZFVLRGVZM
(END) Dow Jones Newswires
March 30, 2016 02:00 ET (06:00 GMT)
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