Join our community of smart investors

IMImobile floats higher as cloud profits soar

The cloud communications software provider benefitted from last year’s acquisition of 3Cinteractive
July 28, 2020

Communications software provider IMImobile (IMO) saw its gross profit increase by more than a quarter in the year to 31 March, to £79.1m, boosted by 7 per cent organic growth. This comes as the group successfully renewed all of its major contracts and secured new customer wins. Enabling digital interactions with consumers – such as automated text messages – it now has 46 clients providing more than £0.5m in annual revenue, up from 40 in 2019.

IC TIP: Buy at 344p
This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in