Tonbridge-based Globo, an international provider of enterprise mobility management services, has reported a strong financial performance in the first half of the year with a 45 per cent hike in revenue.
The Kent group reported revenue of €46.5m (£36.8m) for the six months ended 30 June 2014, up from €32m (£25.3m) in the first half of 2013 and slightly ahead of market expectations.
Globo said the increase in turnover was predominantly driven by organic licence and services growth. It added that its performance was underpinned by the continued demand for mobility products, successful customer and project wins and expansion of its geographic and partner distribution reach.
Globo said its pre-tax profit is expected to be slightly ahead of market expectations.
GO!Enterprise generated sales of €19.9m (£15.8m), a year-on-year increase of 95 per cent and up from €10.2m (£8.07m) in the first half of the previous year.
Consumer mobile services (CitronGO! and GO!Social) achieved revenues of €20.1m (£15.9m), a year-on-year increase of 12 per cent.
Globo's chief executive Costis Papadimitrakopoulos said: "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. The group continued to deliver strong results and good free cash flow during the period."
Globo expects to announce its interim results during September 2014.