Globo PLC (GBO)

Last week, Globo’s full-year trading update said they had achieved a strong financial performance for 2013, ahead of market expectations.

The telecom software products and services say revenues were up significantly boosted by growing sales of its GO!Enterprise development platform.

Globo said that it had seen continued demand for its consumer and enterprise products, buoyed by the growth of the bring-your-own-device trend in businesses.

Focused on expanding in Western Europe and the US via organic growth and acquisitions, says the Company. Globo will invest in sales and marketing to grow its customer base and said it would focus on direct sales to end users towards the end of 2014.

Globo said that its current year trading had begun strongly, and expressed confidence that it will see another year of growth and market penetration as the bring-your-own-device trend continues.

The share has not moved much from my last post, 6th November 2013. If you missed that buy, then this could be a good time.


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