Revenue growth has been stronger than expected. Fuelled by investment in product, infrastructure and sales, the business is trading very well. Despite extra investment H1 EBITDA is also ahead. With deferred revenues up 35% the outlook is robust. After including the benefit of a small acquisition we are lifting our revenue expectations significantly. At this stage we are holding back on an EBITDA upgrade for FY17 to allow for investment in appropriate scaling of infrastructure to support this fas ....
31 Jul 2017
N+1 Singer - GlobalData - Revenues ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - GlobalData - Revenues ahead
GlobalData Plc (DATA:LON) | 202 -3 (-0.7%) | Mkt Cap: 1,703m
- Published:
31 Jul 2017 -
Author:
Johnathan Barrett -
Pages:
8
Revenue growth has been stronger than expected. Fuelled by investment in product, infrastructure and sales, the business is trading very well. Despite extra investment H1 EBITDA is also ahead. With deferred revenues up 35% the outlook is robust. After including the benefit of a small acquisition we are lifting our revenue expectations significantly. At this stage we are holding back on an EBITDA upgrade for FY17 to allow for investment in appropriate scaling of infrastructure to support this fas ....