Text 100 sees 94% hike in US revenue as flotation nears

SAN FRANCISCO: UK hi-tech import Text 100 has nearly doubled its US revenue as it prepares to float on the London Stock Exchange next month, the firm announced last week.

SAN FRANCISCO: UK hi-tech import Text 100 has nearly doubled its US revenue as it prepares to float on the London Stock Exchange next month, the firm announced last week.

SAN FRANCISCO: UK hi-tech import Text 100 has nearly doubled its US

revenue as it prepares to float on the London Stock Exchange next month,

the firm announced last week.



Revenue grew 94% to dollars 5.8 million in the fiscal year ending August

30, while earnings before taxes rose 2000% to dollars 1 million, a 20%

margin. Global revenue was up 42% to dollars 38 million, with earnings

of dollars 2.8 million.



The US operation continues to win accounts, with more than dollars 1.6

million in new business picked up by the firm’s West Coast outposts

since the start of the new fiscal year - tech clients that have required

expanded staffing by 20%.



The San Francisco office has added Chrome Data Corp., an electronic

vehicle configuration supplier; Gray Cell, makers of Web products for

personal communications devices; and Setco, the joint e-commerce

protocol for Visa and MasterCard. The Seattle outpost won InfoMove,

which provides wireless Web services for mobile computing, and Getty

Images, a publicly traded Internet imagery provider.



Text 100 attributed the strong results to exponential growth in the US

and Germany, as well as strong performance by the agency’s independently

branded subsidiaries, including Joe Public Relations, Bite

Communications and August.One Communications.



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