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NEWS17 July 2015

BrainJuicer sees overheads grow faster than revenue

Financials UK

UK — BrainJuicer’s pre-tax profit for the first half of the year is around 25% lower than the same period last year.

According to the company’s half-year trading update, the business’s investment in future growth saw overheads grow faster than revenues. Investment included recruitment and one-off costs related to the company’s move to larger headquarters in London.

BrainJuicer achieved revenue growth of around 4% compared to the first half of 2014, while sales of its core quantitative products increased by 7%, with a gross profit on this of 11%. The company saw strong growth in the US and Continental Europe, while Brazil “made good progress” and UK sales fell below the H1 2014 level.

Full interim results for the six months to 30 June 2015 will be announced on 24 September 2015.

@RESEARCH LIVE

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