Zoo Digital continues to see 'strong' YTD momentum

Cloud-based software firm Zoo Digital said on Monday that it had continued to see "strong momentum" across the business year-to-date.

Zoo Digital anticipates first-half revenues will be "slightly ahead of guidance" and expects to deliver a "significant" year-on-year increase in underlying earnings on the back of revenue growth and operational gearing.

The AIM-listed group added that in the past month, it had seen "a significant expansion of orders" for its localisation and media services, giving it a "much improved visibility" through the second half.

Zoo also highlighted that it had progressed negotiations to establish regional hubs in "strategic international locations", significantly strengthening its global offering in the process.

Chair Gillian Wilmot said: ""A strong pipeline of work and excellent customer relationships gives us great confidence in meeting full-year market expectations, and I look forward to updating shareholders on our further positive progress in due course."

As of 1115 BST, Zoo Digital shares were up 1.00% at 125.75p.