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GlobalData PLC on Monday upped its annual dividend, after reporting higher revenue and profit. The London-based data analytics and consulting firm said revenue in 2023 rose 12% to £273.1 million from £243.2 million a year earlier. Pretax profit rose to £41.5 million from £38.4 million. On the back of the results, GlobalData upped its dividend by 28% to 4.6 pence each from 3.6p. Looking ahead, GlobalData said the new financial year has begun with ‘a position of strength in terms of revenue visibility and balance sheet.’ It noted a target of £500 million of revenue by the end of 2026, through a combination of organic growth and Mergers & Acquisition. Chief Executive Officer Mike Danson said: ‘We enter the new financial year with the Group now re-organised across three customer-focused divisions - Healthcare, Consumer and Technology and with c.80% revenue visibility. Investing in our product and AI, sales resources and M&A are key priorities. With a clear vision and a strong team ready to execute our new Growth Transformation Plan, we look forward to the year ahead with confidence as we seek to significantly expand GlobalData’s scale, speed up our growth, and sustain value creation for our stakeholders.’ Shares in GlobalData were up 0.1% to 178.15 pence each in London on Monday afternoon. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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