4Global PLC on Wednesday said it is trading in line with market expectations, ahead of its annual general meeting.
The London-based data, services and software company said its current financial year has begun positively and trading has been in line with market expectation. The company’s financial year runs to March 31.
4Global added that it expects to continue to see a trend towards international revenue opportunities, especially in the US.
It reported that total revenue booked to date in the financial year is £3.3 million. In financial 2023, 4Global reported revenue of £5.9 million, up from £3.6 million a year earlier.
Looking ahead, 4Global is expected to retain a ‘significant’ second half weighting to its financial performance
Chief Executive Officer Eloy Mazon said:‘4Global continues to go from strength to strength. As a business we are not complacent, however our market and customers continue to have strong demand for both our technology and services. Technology revenue primarily however remains our key focus as we seek to increase our recurring revenue and margins.’
Shares in 4Global were up 3.2% to 65.50 pence each in London on Wednesday afternoon.
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