Specialist marketing firm Next Fifteen Communications (NFC:AIM) gained 12.9% to £12.25 as it upgraded expectations for the year to 31 January 2022 after a strong fourth quarter performance.
The company has been caught up in the wider tech-led sell-off, falling 19% year-to-date as of Friday’s close, this reflects the fact that it has a lot of clients in the US technology sector.
However, Next Fifteen expects to post 34% year-on-year revenue growth for the three months to the end of January with organic revenue growth of 24%.
This underpins the guidance for the full-year outcome to be ‘ahead of expectations’.
STRENGTH ACROSS THE BOARD
The company is seeing strength across all of its divisions. Customer Delivery and Business Transformation continue to deliver the fastest growth according to the company, while the Customer Insight and Customer Engagement units have recovered from Covid-affected performances.
The full year results themselves will be unveiled on 5 April 2022.
Numis analyst Steve Liechti commented: ‘The strong fiscal 4Q shows continuing demand for NFC growth enhancing services in challenged and disrupted markets.
‘NFC is accelerating investment in talent and product development to continue to innovate for its clients and drive longer term growth. This drives results ahead of market expectations and sets NFC up well for a positive start to the new fiscal year.’
