Next Fifteen says revenues up 6.5% for year

LONDON: Next Fifteen reported its 2008 revenues are expected to be up 6.5% to $109.4 million for 2008, compared to $102.8 million in 2007. The company, which owns Text 100, Bite Communications, and OutCast Communications, released today its preliminary results for the fiscal year that ended July 31.

LONDON: Next Fifteen reported its 2008 revenues are expected to be up 6.5% to $109.4 million for 2008, compared to $102.8 million in 2007. The company, which owns Text 100, Bite Communications, and OutCast Communications, released today its preliminary results for the fiscal year that ended July 31. Complete results will be released at the end of November.

Adjusted profit before taxes increased 18% to about $11.3 million, the company said.

“We've been focused on margins for several years and you can see that our margins are steadily improving,” said Tim Dyson, CEO of Next Fifteen on a webcast. “We are – if you like – slowly catching up to the rest of the industry.”

The preliminary results pointed to several events that led to its growth, including the development of existing client revenue and new clients wins like AMD, Sony, Sybase, and Facebook.

The company also noted that organic growth in the US is up 8.8%.

The group plans geographic expansion to spur further organic growth, including expanding Bite's presence in Asia and Lexis' scope in North America, Dyson said, as well as more "modest" acquisitions in future.

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