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.
