YouGov PLC (LON:YOU) said it has yet to see any material impact from the coronavirus pandemic though adding that it is “prudent” to expect a slowdown as the firm posted its half-year results.
The market research firm said a “small minority” of existing clients are requesting payment deferrals or cancellations, handled on a case-by-case basis.
READ: YouGov makes plans for coronavirus but says “no material impact” yet
The company said it has moved all its operations to remote working and does not intend to apply for state support.
It has also partnered with Imperial College London to gather global insights on people's behaviours and opinions in response to the crisis, providing free data to public health researchers.
In the six months to January 31, YouGov revenue jumped by 16% to £76mln with adjusted pre-tax profit up 27% to £12mln. Cash at the year-end was £27mln.
“It is clear that the data and tool-heavy online-based sourcing and delivery of YouGov’s services is proving valuable in today’s market conditions,” analysts at Peel Hunt commented in a note to clients.
“Much of the business is subscription-based or certainly repeat work, which is hard to give up,” they added.
YouGov shares advanced 8% to 640p on Wednesday morning.