| Norkom reports strong growth in revenue (37%) and EBITDA (30%) | | Print | |
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The company reports the following key financials:
Key business highlights for the period included the following:
Commenting on the half-year results, Norkom’s chief executive officer, Paul Kerley, said: “We are very pleased with the strong performance achieved in the first half of the year especially given the extraordinary conditions being experienced in the global financial markets. Our strategy of diversifying risk across clients and geographies has allowed Norkom to achieve strong growth in revenues and profits while adapting to significant change in our core markets during the period. Norkom, however, is not immune to the impacts of the global financial crisis although we expect to benefit in the medium-term from a push for greater regulatory oversight and an increase in demand for solutions that help financial institutions manage risk at a more granular level and in real-time. Our strong commitment to growth with profits, together with uncertainty in our core market, dictates that we adopt a more prudent approach to expanding our costs base. The company now anticipates managing our business to deliver growth in revenues and EBITDA in the region of 20% for the full year to March 2009”. Norkom’s Interim Results report can be found by clicking here.
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