IMimobile* interim results in line/ BUY PT260p
Post the trading update on 1st November IMImobile has released its interim results for the half year ended 30th September. We increased our revenue, and gross profit, forecasts at the time of the trading statement, and results for the full year are expected to be in line with these revised estimates. We retain our Buy rating and 260p price target as we see continued growth prospects, we also see the potential for underlying margins to increase after a period of investment.*Whitman Howard acts as joint broker to IMImobile
IMImobile is a cloud communications software and solutions provider that enables companies to use mobile and digital technologies to communicate and engage with their customers. Co.'s software and solutions offering includes: IMIchat, which is a cloud application that allows for real-time agent interactions for either customer support or sales across multiple message channels; IMIcampaign, which is a cloud campaign management software application designed for multi-channel marketing communication; and IMIdigital, which helps organizations to provide mobile content and media services such as video streaming to mobile devices across multiple touchpoints.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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