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NEWS27 February 2012

Cobalt Sky reports 12% rise in annual sales to almost £2m

Financials UK

UK— Cobalt Sky, a provider of IT services to the market research business, has reported annual revenue up 12% to $1.99m.

Figures include contributions from the UK data management operations and Thai data centre of MRDC Services, which Cobalt Sky bought in January 2011.

Excluding MRDC, like-for-like sales were up 8% for the full year. Despite the net positive result, Cobalt Sky MD Raz Khan said the second half of the year had proved “more difficult than the first”.

This is evident in the results. In May, the company was up 20% year-on-year, excluding MRDC.