Profits up 40% as data group exceeds expectations
Data business GB Group came within a whisker of achieving £200m in revenue last year as its performance exceeded expectations.
Revenues were up 39% while pre-tax profits increased at the same rate, achieving £20.6m in the year to March.
The group benefits from "a high level of annual recurring licence revenue" although it does not yet have sufficient visibility on the current financial year to provide guidance.
However it has been "encouraged by some countercyclical opportunities" which it said had softened the impact of re... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
