Revenues up by a third at data analytics group
A data analytics group headquartered in London grew revenues by a third in 2018.
Listed company GlobalData, which provides data, expert analysis and solutions to companies in the world's largest industries, revealed revenues of £157.6m for the year ended 31st December 2018, up 33 per cent on the previous 12 months.
The group, which has offices around the world, also announced adjusted EBITDA of £32.2m, an increase of 38 per cent, and underlying organic revenue growth of nine per cent.
"GlobalData is positioned to help thousands of companies, organisations and industry professionals across the world's largest industries profit from faster, more informed decisions,” said executive chairman Bernard Cragg.
“Within each industry sector our proprietary data, human insight, and innovative technologies create trusted, actionable, and forward-looking intelligence.
“With comprehensive coverage, we can access multiple selling points within a client and around the world. This means that our ambitions are not constrained by demand."
GlobalData acquired Research Views in 2018, which significantly expanded its coverage ‘by adding comprehensive capabilities across multiple industry sectors’.
Around 75 per cent of the company’s revenues are derived from annual subscription contracts.