International success helping to fund technology group’s ‘ambitious growth plans’

Technology group ZOO Digital continues to be excited about its prospects after delivering a huge jump in revenues.

The Sheffield-based group expects its first-half revenues to be up nearly 90% to $51m (£45m), along with “a significant increase” in profits when it publishes its financial figures in November.

ZOO’s chairman Gillian Wilmot said: “This increased profitability has also translated into a substantial improvement in our cash position, which will support our ambitious growth plans.”

Wilmot will tell shareholders at its AGM later today that the company is “building on the positive narrative” that it created in the last financial year.

ZOO works with global entertainment brands to provide localisation and media services, including subtitling and dubbing, through its cloud software.

It has established regional hubs, which Wilmot said have outperformed expectations, and it has continued to recruit staff across the company to support the higher revenues.

“Strong momentum has continued across the business as we continue to take share in a growing market, benefitting from our cloud-based platforms, extensive freelancer network and embedded client relationships,” added Wilmot.

“With our global scale and end-to-end offering, we are one of the few vendors capable of meeting the requirements of major media companies to take their content to international audiences.”