IMO.L Share News (IMO)

(Sharecast News) - Communications software and solutions provider IMImobile generated more revenue and profit than expected in the past 12 monthsIMImobile said it expected revenues to have increased 28% year-on-year to roughly £142m in the year ended 31 March and gross profits to have advanced around 20% to £62m.The AIM-listed group reported strong gross profit growth in Europe and the Americas of over 45%, at least 15% of which was organic, with the region contributing over 70% of group gross profit.IMImobile's Asia-Pacific and South African businesses also delivered strong organic growth of more than 12% and 20%, respectively.Adjusted EBITDA was projected to come in over £17.8m, an increase of over 30% year-on-year.Chief executive Jay Patel said: "We are pleased with the strong trading results and momentum we have in the business. This reflects the market dynamics shifting towards more automation and the use of digital channels for delivering better customer experiences."We enter the new trading year with strong momentum and are confident in delivering continued organic growth across all parts of the business."As of 0950 BST, IMImobile shares had climbed 7.16% to 307.55p.