Identity intelligence specialists GB Group revealed record revenues in its annual financial results.
It cited growing levels of new business from blue chip organisations including British Airways and HSBC as one reason for the strong performance.
GBG said the 24 per cent increase in adjusted operating profits to 拢13.4million were ahead of market expectations. It managed revenue growth of 28% to 拢73.4m.
Strong growth in international revenues, increasing to 26% of the total figure, reflected the expansion of its operations outside the UK.
鈥淕BG has had another strong year achieving record revenues and delivering profitability ahead of market expectations. This is testament to the hard work, dedication and talent of our excellent team,鈥� said GB Group CEO Richard Law.
鈥淭his was achieved whilst simultaneously increasing our operating expenditure on the development of new products, expanding our international operations and strengthening our management team.
鈥淎s a result we enter the new financial year with strong momentum and excellent prospects and I鈥檓 pleased to report that trading since the start of the year is in line with the board鈥檚 expectations.鈥�
Chester-based GBG is a global specialist in Identity Data Intelligence, helping organisations including Nike and Harrods make decisions about the customers they serve and the people they employ in order with the aim of improving the customer experience.
It operates in 13 countries.
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