Stuart Green, CEO of ZOO Digital, commented, “The Board is very pleased with the progress achieved in the period. The positive momentum from the prior year has continued into the first half, resulting in top line revenue growth of over 40%.
“We remain encouraged by the increasing demand we are receiving for our cloud-based solutions, and our ZOOsubs offering in particular is attracting considerable interest. While we continue to monitor closely the changing dynamics within the entertainment industry, the growing base of repeatable revenues combined with a pipeline of new clients and projects, with a balance sheet strengthened after the period end, gives the Board good grounds for optimism in the future prospects of the business.”
The Board is pleased to report that trading for the period has continued in line with management expectations, and has seen significant growth of more than 40% over the comparative period last year.
ZOO Digital Group plc, the provider of cloud-based media production services and software to global creative organisations, today announces its financial results for the year ended 31 March 2014.
The Company is pleased to report that results for the year are expected to be slightly ahead of those previously indicated in the trading update on 12 February.
ZOO’s major focus of this financial year has been on the development of ZOOsubs, the Group’s proprietary Cloud-based subtitle production and management system and associated services. The Company is pleased that the progress reported in the Company’s interim results has continued into the second half with several Tier-2 studios and large corporations signed up and a strong pipeline of future prospects.
Timothy Vargas, The Orchard
Wednesday, April 15th, 2015