Pre-AGM Trading UpdateJune 19, 2014
FOR IMMEDIATE RELEASE
19 June 2014
(“Globo” or “the Group”)
Pre-AGM Trading Update and Major Australian project win
Globo plc (LSE-AIM:GBO), the international provider of enterprise mobility management solutions and software as a service, announces a trading update for the five months ended 31 May 2014, ahead of its AGM to be held today at 10.00a.m. at 55 Old Broad Street, London EC2M 1RX.
Pre-AGM Trading Update
The Group has seen a strong start to 2014, ahead of market expectations. Growth has been driven by increasing GO!Enterprise revenues, the continued growth of our consumer CitronGO! business, and new enterprise customer and partner wins.
Our focus in 2014 is on enlarging our sales teams, investing in R&D and business development, empowering our marketing strategy and setting up the infrastructure, systems and processes for future global growth.
Australian project win
We are also delighted to announce that Globo, as part of a consortium led by a leading Australian mobile operator and our partner Mobilise IT, has been selected as the provider of technology and services for a major multiyear governmental mobile health project in Australia. The project will initially offer secure and standard compliant mobile iPad apps to more than 10,000 doctors for access to medical records, delivering care in the home, and assessing requirements for preventative medicine.
The project is anticipated to contribute a significant number of GO!Enterprise licenses and consulting and professional services revenues to the Group.
Globo’s non-executive Chairman, Barry Ariko commented:
“Following an exceptional financial performance last year, driven by revenue and profit growth as well as free cash flow generation, Globo has continued to achieve strong revenue and profit growth this year across both enterprise and consumer segments. The BYOD trend is transforming the way enterprises operate and with its compelling product offering, Globo is at the heart of this.
We regard this project win in Australia as a significant validation of our drive for a worldwide footprint for GO!Enterprise marketing and revenue, both in terms of geographic reach and scale of contract .
We are in an excellent position to address this dynamic market trend and are confident that 2014 will deliver further profitable growth for shareholders.”
Globo’s CEO, Costis Papadimitrakopoulos commented:
“Globo is now one of the global leaders in the BYOD and Mobile Application Development markets, as demonstrated by our recent win in Australia and our inclusion in Gartner’s Enterprise Mobility Management Magic Quadrant. Our focus and investment in innovation continues in 2014 and we look forward to further expansion in mature geographies, such as the United States. We remain very optimistic for 2014.”
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
Mike Jeremy, IRO
RBC Capital Markets
(Nominated Adviser & Broker)
Stephen Foss or Pierre Schreuder
Chris Blundell or Claire Boszko
About Globo plc
Globo plc is a global provider of complete enterprise mobility solutions and Software as a Service. Our GO!Enterprise (EMM) and GO!AppZone (MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in US, UK, Europe, Middle East and South East Asia. Globo was recognised in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report. For more information visit www.globoplc.com.
Globo was recently included in Gartner’s Enterprise Mobility Management Magic Quadrant and has been characterised as “unique amongst its peers” for its ability to offer both EMM and Mobile Application Development Platform (“MADP”) capabilities in one product.