Published on: July 23, 2013
Mobile money specialist Monitise has issued a confident post year end update ahead of full year results to be published on 5th September. In what was an eventful year even for Monitise, revenues almost doubled to at least £70m in the year to June, aided by the Clairmail acquisition, with underlying organic growth at an estimated 44% and gross margins reaching 70%.
The continued growth, new contracts and product progress evident in the last year confirm Monitise as one of the leading, if not the leading, mobile money technology and service specialist, and certainly one of very few to enjoy a public market listing. Whilst many new entrants spend to establish B2C market positions, Monitise enjoys strong B2B revenues from supporting the ambitions of its primarily bank and credit card customer base