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Good, solid H1 results, and a confident outlook for H2 of meeting recently upgraded expectations. Big increases in revenues and gross profit, with net profit masked somewhat by big increases in investment and resources going forward. The growth potential is huge in AI and automation capability, GDPR etc, and also geographically with the first steps forward now advancing in the USA. And there's a nice �15.4m cash pile. The outlook statement remains very confident: "Jay Patel, Chief Executive Officer of IMImobile PLC, commented: "The Group has continued to perform well, both financially and operationally, and delivered another period of profitable, cash generative growth. We have consolidated our leading position in the UK, achieved very strong organic gross profit growth in India and South East Asia, and despite known headwinds in Middle East and Africa, achieved 12% organic revenue growth across all regions. Post period, IMImobile also completed the acquisition of Sumotext, providing a platform to launch IMImobile's product offering to the enterprise market in the US. "This growth has been driven by the continued global demand for cloud-based solutions that can help deliver digital transformation, automation and cost-cutting. IMImobile has created a market leading product suite that focuses on real time, interactive customer communications and service automation and we are excited about the benefits that new emerging technologies can deliver. "We remain confident about the Group's prospects for the remainder of the year. We expect revenue and gross profit to be in line with market expectations that were recently upgraded following the trading update given on 1 November and underlying EBITDA to be in line with expectations."
Whitman Howard retain their Buy and 260p target after today's results. And Techmarketview are very bullish: Http://www.techmarketview.com/ukhotviews/archive/2017/11/21/imimobile-building-out-for-consistent-growth "Tuesday 21 November 2017 IMIMobile building out for consistent growth After a good performance last financial year, IMImobile, the cloud communications provider, delivered 12% organic growth in the first half to end September. Acquisitions boosted top line figures, up 48% to �53.1m. Gross profit rose only 22% however after the integration of the Infocast acquisition and a decline in the company�s Middle East and Africa operation following the Nigerian currency devaluation and the re-negotiation of a large contract with pan-African MNO MTN. Group EBITDA advanced 8%, to �5.7m, a margin of 23.1%. 3 of the top 4 UK retail banks use IMImobile to manage end customer interactions via SMS and Facebook Messenger and the company�s broad portfolio of SMS, Chat, AI and campaign management solutions is used by a wide range of utility providers and MNOs. The business already has a global customer base, with the European and Americas operations accounting for two-thirds of revenue and the other India/SE Asia and Middle East/Africa units roughly the same size. The US operation has been boosted by the recent acquisition of US messaging provider Sumotext and success with distribution partners such as NICE and AT&T. Growth can be expected on several fronts; enterprises are consistently adding new channels to contact customers, IMIMobile's broad portfolio and recent acquisitions provide cross-selling opportunities, the expanded enterprise business in the US offers lots of potential as does the underlying expansion of markets in Asia and Africa. In the more developed European markets, the addition of higher value-added services, a larger sales effort and the developing partner network should drive additional revenue and margin. IMIMobile is now building the global sales and distribution network to leverage its central Connect platform and IP. This business has grown consistently at double-digit rates while generating cash. There is every reason to expect that this rate of progress will continue."
IMO have been tipped here today - and he doesn't even mention the large cash pile which further reduces the P/E: Http://www.fool.co.uk/investing/2017/11/21/one-small-cap-growth-stock-id-consider-before-iqe-plc/ "IMImobile One small-cap tech stock that does appear to be attractively valued, is IMImobile (LSE: IMO). The �124m market cap cloud communications software specialist helps its clients use mobile and digital technologies to communicate and engage with customers. Notable clients include Vodafone, Pizza Hut and the BBC. Through a combination of organic growth and acquisitions, IMO has grown at a formidable rate in recent years, with sales rising from �39m in FY2012 to �76m last year. Earlier this month, it announced that revenue and gross profit this year are expected �to be above current expectations.� Half-year results released this morning show further progress. Revenue surged 48% year-on-year to �53.1m, including 12% organic growth, while EBITDA rose 8%. The company saw particularly strong growth in India and South East Asia. Earnings growth was a little underwhelming, however, at just 1%. Chief Executive Jay Patel said: �We remain confident about the Group�s prospects for the remainder of the year. We expect revenue and gross profit to be in line with market expectations that were recently upgraded following the trading update given on 1 November and underlying EBITDA to be in line with expectations.� Analysts current expect earnings of 11.1p for this, placing the stock on a forward P/E of 18.3. At that valuation, I believe IMImobile warrants a closer look."