A good example is Amino Technologies (AMO:193p), the Cambridge-based provider of digital entertainment solutions for Internet Protocol (IP) TV, internet TV and in-home multimedia distribution, which has issued its third earnings beat since last summer. In results released earlier this month, the company announced that pre-tax profit had almost doubled to £10.2m on an 80 per cent increase in revenues to £75.2m in the 12 months to end November 2016, a performance that catapulted diluted EPS up by 59 per cent to 13.5p, or 9 per cent ahead of previously upgraded expectations of analysts Oliver Knott and Tintin Stormont at brokerage N+1 Singer.
Acquisitions played a significant part, but organic revenues have been growing at a fair lick too, up 7 per cent in the 12-month trading period, reflecting the benefits of strengthening sales teams and robust demand for the company's product suite. Currency movements have also been beneficial as half of Amino's revenue is derived from North America, and 30 per cent from Europe, so sterling's sharp devaluation in since January last year is providing a strong currency tailwind for overseas earnings.