What investors seem to be missing here is that the cash-rich company only generates 15 per cent of its revenues from Greece, and its blue-chip client base - including the likes of Siemens, Intel, Oracle, SAP, TNT and McKinsey - offers very profitable revenue streams from its overseas operations. Indeed, the company continues to win new contracts, the latest being a $1.2m (£0.8m) award from a US Fortune 100 company for 50,000 licenses of the company's Go!Enterprise enterprise mobility management (EMM) product. This product enables employees to securely access their corporate intranet and any other internal web application through the secure mobile browser of GO!Enterprise Office and have controlled access to enterprise information like email, files, contacts, calendar, tasks and notes from any mobile device.
It's not a one-off contract win either as licenses from Fortune 100 companies soared 60 per cent between 2013 and 2014, highlighting the demand for Globo's products. The latest contract win follows on from a three-year award from Milton Keynes Council to provide its employees with solutions for mobile security, device management and mobile apps. Globo's GO!Enterprise platform supports centralised distribution of GO!Apps on any mobile device, a feature that is proving popular with organisations looking to expand their engagement with employees and customers through mobile technology in a secure environment.