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Good H1 results, with success and confidence across all regions. The problems in Africa are now well and truly behind them, and "significant" new tenders have been won.
The commentary and outlook are self-explanatory:
"Outlook
The Board has been encouraged by the strong first half of the year having delivered growth in all regions in which the Group operates. We remain excited by the structural growth opportunity in customer communications and, with an experienced team established in key geographic markets, the Board believes that the Group is well positioned to continue to deliver on its strategic priorities in the second half with current trading in line with expectations."
"Jay Patel, Chief Executive Officer of IMImobile PLC, commented:
"89% of companies are now competing primarily on the basis of customer experience(1) , meaning demand for customer communication software has never been greater. Our enterprise-grade offering, and comprehensive set of applications addresses the needs of the largest complex global organisations. With the introduction of new, richer communication channels, we are excited about the possibilities for dramatically improving customer experience."
"We have made strong organic progress throughout the first half of the year and expect the positive momentum to continue through to the year end and beyond. The acquisition of 3Cinteractive provides a solid foundation in the US and we are very confident of success in this market. The outlook for the year is positive and we are trading in line with Board expectations."
Nice summary from the respected Techmarketview:
Https://www.techmarketview.com/ukhotviews/archive/2019/11/26/imimobile-enjoys-strong-first-half
"Tuesday 26 November 2019
IMImobile enjoys strong first half
Cloud communications software provider IMImobile has released a strong set of interim results with revenues up 24% (18% organic) to £83m (H1 18: £67.2m) and adjusted EBITDA up 27% to £9.8m (H1 18: £7.7m).
The company saw organic growth in all regions and business units underpinned by things like increased demand from financial services clients dealing with fraud issues, communications service providers switching to RDS - the SMS upgrade technology, as well as a strong period of new client wins (see - IMImobile delivers Vauxhall win).
Acquisitions remain a key part of company strategy, buying 3CInteractive Corp a private US cloud-based customer engagement platform for £42.8m, as a route to significantly expand its North American presence. Access to the US market should play a major role in the second half of the year and with many customers perceived to be ‘less mature’ in their use of digital comms, offers up significant opportunities to grow.
The company also made a post period end acquisition of Rostrvm, a UK-based contact centre software provider for up to £3.5m, that should allow access to the wider customer services market and capitalise on the huge amount of disruption being felt there at the moment.
Things are looking up for IMImobile – not only does entry into the US offer significant opportunity (and of course challenges!) but customer experience remains one of the largest areas of investment and increasingly central to value propositions throughout client operations, no longer confined solely to the front office."
Good interview with the CEO - it all sounds very bullish:
Https://www.youtube.com/watch?v=0p6oje6aYaE