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GlobalData ( (GB:DATA) ) has issued an update.
GlobalData Plc has announced a successful financial year ending December 2024 with revenues and growth in line with market expectations. The company reported a 4% increase in Group revenue to approximately £286m and a 6% growth in Adjusted EBITDA, maintaining a 41% margin despite significant investments in their Growth Transformation Plan. The company has been actively investing in AI capabilities and expanding its sales force to drive client impact, evidenced by a 60% increase in AI Hub usage. GlobalData executed four strategic acquisitions in the latter half of FY24, contributing to an anticipated additional £42m in revenue for FY25. The company also conducted share buybacks totaling £57m and announced new £340m financing facilities to support its continued M&A strategy. With strong revenue visibility and a robust financial position, GlobalData is poised for further growth in 2025, aiming for a 45% margin and £500m revenue by the end of its three-year growth plan.
More about GlobalData
GlobalData Plc is a leading data, analytics, insights, and technology platform serving the world’s largest industries. The company operates on a One Platform model, integrating unique data, expert analysis, and innovative solutions to provide a comprehensive suite of client solutions and digital community platforms globally. Its strategic priorities include Customer Obsession, World-Class Product, Sales Excellence, and Operational Agility.
YTD Price Performance: 0%
Average Trading Volume: 997,603
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.65B
For a thorough assessment of DATA stock, go to TipRanks’ Stock Analysis page.
