Published on: September 13, 2013
Significant momentum – Further Strong Organic Growth in Prospect
Monitise’s key financials had already been released, so the details of the FY 13 results should have come as little surprise in most respects. The company has managed to grow by at least 50% organically for at least a third year in a row, with another in prospect this year, whilst the headline numbers were boosted by Clairmail. In our comment on its post-year end trading update (on 23 July 2013), we noted that it had been an eventful year – even for Monitise. That continues with Board changes and the acquisition of Grapple.
In our view, the group remains the most significant publicly listed pure play mobile money provider of size. In addition, we can think of no other company that has established such a breadth of products, customers and partnerships, nor one which is generating similar revenues from mobile money.