Shares in LoopUp (LOOP) had fallen away in recent months – reflecting, one might venture, of a broader decline among highly rated companies. That said, a positive full-year trading update from the provider of remote meetings software was well received by investors. For the 12 months to December, the group expects to deliver revenues in line with consensus expectations, and profitability “comfortably ahead”.
MeetingZone, acquired last June, has now been fully integrated. And as announced on 18 January 2019, LoopUp won a material contract renewal with law firm Clifford Chance, worth £2.3m over three years. The group has also continued to expand its footprint globally, opening four new offices this month alone in Chicago, Dallas, Los Angeles, Atlanta and Madrid.
