Tech group Next Fifteen posts first-half profit lift

Next Fifteen Communications Group this week revealed strong half-year figures, confirming the resurgence of the tech PR sector.

Interim pre-tax profits were up two per cent  to £1.41m in the six months to 31 January. North America continued to dominate, contributing over 50 per cent of turnover. The group operates a quintet of agencies: Text 100, Bite Communications, Inferno Communications, Outcast and August.One Communications. 

Next Fifteen chairman Will Whitehorn singled out two agencies for particular praise. 'Bite and Outcast have shown strong revenue and profit growth.'

He said the group was focused on organic growth, but would make 'targeted acquisitions'.

Next Fifteen acquired US agency Outcast last June for £3.3m with further consideration depending on performance. Outcast continues to operate under its own name, unlike Credo Communications, which was bought by Bite in January (PRWeek, 6 January). Four-strong Credo brought a fee income of around £250,000 to Bite. Founder David Hargreaves was made Bite managing director.

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