Altitude remains on track to top expectations
By Iain Gilbert
Date: Thursday 12 Dec 2019
(Sharecast News) - Technology and information services provider Altitude Group said on Thursday that it remained on track to deliver full-year results in line with market expectations.
Altitude said its growing US customer base had resulted in revenues of $4.6m in the nine months to September 30, a nine-fold increase from 2018.
The AIM-listed group also highlighted that its third quarter was just the second full quarter since its acquisition of AIM Smarter, its North American trading unit, which was said to be delivering revenues in line with management expectations.
Group revenues for the first three quarters of the year came to £8.1m - up from the £5.3m recorded in the same period a year prior.
Chief executive Nichole Stella said: "We are focused on our strategy to grow the AIM Smarter business by offering great value to both sides of the marketplace.
"Momentum has continued through the third quarter and I am confident that we will meet expectations for the year and that we have the strategy and model to drive growth through 2020 and beyond."
At 1045 GMT, Altitude shares were up 5.60% at 52.80p.
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