IMImobile confident of bright future in strong trading year

 
Joseph Millis
TECHNOLOGY firm IMImobile yesterday said it has traded in line with expectations in the year to end-March, and expressed confidence for a year of strong trading ahead.

According to forecasts provided by Morningstar, WH Ireland forecast a pre-tax profit of £6.8m for the year, compared with £5.3m a year before.

The company said that new contract wins during the year and growth in recurring revenues will “position the group favourably for further growth in future periods”.

IMImobile highlighted strong profit growth excluding acquisitions of 25 per cent in Europe, due to higher recurring and professional services revenues.

"The group [is] well positioned to take advantage of consolidation opportunities across the industry,” the company said in a statement.

Shares closed up 3.38 per cent.