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The Markets
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The Markets
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The Markets
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Proactive UK has moved.
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Media

Ebiquity sees accelerated top-line growth

Ebiquity (LON:EBQ), the market analytics firm, enjoyed a growth spurt in the second half of its financial year.

The company's top line in the year to 30 April saw high single-digit percentage revenue growth year-on-year on a like-for-like constant currency basis, with the growth rate achieved the highest in the company's recent history.

The Marketing Performance Optimization (MPO) and Media Value Measurement (MVM) divisions both enjoyed double-digit percentage growth, with the MPO division up 40% on a year earlier.

Together, the two divisions account for almost two-thirds of the company's revenues, and the company said it continues to see increasing demand for their services.

In contrast, the Market Intelligence (MI) division is operating in a fiercely competitive market, which is affecting revenues, but not as severely in the previous financial year.

As mentioned at the time of the company's interim results, the MI division is being rejuvenated by enhancements to the services offered and the delivery platform, the benefits of which should be seen in the current year.

On a similar theme, Ebiquity said it has made a substantial investment in people and technology that has proved successful in turbo boosting top-line growth, but noted this would have an impact on margins in the short term.

Meanwhile, foreign exchange movements have had an impact on profits but, on a constant currency basis, pre-tax profit is set to be in line with management expectations for the year just gone.

Full-year results will be announced on 29 July, at which time the board will recommend payment of a maiden dividend.

"We continue to see positive client engagement and increasing contract sizes. We begin the current year with a very strong pipeline of new business and high visibility over the company's revenue targets for the current year," the company said.

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