GlobalData has delivered strong interims, further validating the Group’s core operating model and product strategy. Whilst event delays into H2 saw the top-line moderate 2% y/y to £86.7m, underlying subscription revenue rose +7%, ahead peer growth rates (3%-6%). EBITDA margins benefitted from organic cost decline (particularly travel and events), whilst paused sales and marketing FTE investment also supported margin expansion (+410bps y/y to 31.4%). Underlying deferred revenue ros
27 Jul 2020
BI sales on track, EBITDA margin advances
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BI sales on track, EBITDA margin advances
GlobalData Plc (DATA:LON) | 200 -2 (-0.5%) | Mkt Cap: 1,694m
- Published:
27 Jul 2020 -
Author:
Caspar Erskine -
Pages:
3
GlobalData has delivered strong interims, further validating the Group’s core operating model and product strategy. Whilst event delays into H2 saw the top-line moderate 2% y/y to £86.7m, underlying subscription revenue rose +7%, ahead peer growth rates (3%-6%). EBITDA margins benefitted from organic cost decline (particularly travel and events), whilst paused sales and marketing FTE investment also supported margin expansion (+410bps y/y to 31.4%). Underlying deferred revenue ros