The Motley Fool

GLOBO Plc Delivers Better-Than-Expected Revenue Growth

Pound CoinsShares of Globo (LSE: GBO) gained almost 7% in early trade after the AIM-listed software company announced its half year results.

Revenue for the six months to 30 June grew by 45% to €46.5m (2013: €32m), driven by licence and services growth, including recent customer wins in Australia. Pretax profit is expected to be slightly ahead of market expectations.  

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…

And if you click here we’ll show you something that could be key to unlocking 5G’s full potential...

Globo has expanded in the US following the acquisition of Notify Technology. Almost 25% of the group’s employees are now based in the US — including executives, sales and technical personnel. The chief executive and Globo founder Costis Papadimitrakopoulos is relocating to Palo Alto to help oversee this “significant market opportunity”.

“During the first half of 2014 we have seen continued growth and substantial progress in building our business across geographies and technologies in the enterprise mobility market,” Papadimitrakopoulos said.

We remain confident about our future prospects. In particular, the successful acquisition of the services division of Sourcebits Inc., allows us to increase our exposure to the Mobile Application Development Platform market for enterprise customers.”

The group’s net cash position at 30 June 2014 was €46m.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US $12.3 TRILLION out of thin air…

And if you click here, we’ll show you something that could be key to unlocking 5G’s full potential...

It’s just ONE innovation from a little-known US company that has quietly spent years preparing for this exact moment…

But you need to get in before the crowd catches onto this ‘sleeping giant’.

Click here to learn more.

Mark Stones has no position in any shares mentioned. The Motley Fool has no position in any of the shares mentioned.

Our 6 'Best Buys Now' Shares

The renowned analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply enter your email address below to discover how you can take advantage of this.

I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.