Celebrus Technologies PLC on Friday said it expects to report a fivefold increase in profit for the first half of its financial year, amid an increase in annual recurring revenue.
The Sunbury-on-Thames, England-based data management platform said it anticipates results for the six months that ended September 30 in line with management expectations. It expects to report adjusted pretax profit of around $1.0 million, multiplying from $200,000 last year, and revenue of around $17.0 million, up 4.9% from $16.2 million last year.
The company announced in July it would begin reporting its results in US dollars, to better reflect contracted revenue from ‘large global customers’.
It estimates that annual recurring revenue increased 23% during the six-month period to $26.2 million from $21.3 million the year before.
Chief Executive Officer Bill Bruno said: ‘We are pleased to report another strong first-half result, and with the progress we have made as a business with our investments in both our sales and customer success business units. This has resulted in a strong and growing pipeline for both new and existing business to support future growth. We have also continued to explore potential acquisition targets to enhance the Celebrus platform while continuing to invest in our organic growth initiatives.’
Celebrus Technologies is due to release its interim results on December 3.
Shares in Celebrus were up 1.5% at 284.12 pence each in London on Friday afternoon.
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