4GLOBAL "confident" in second half after good H1 growth
London, UK
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December 11, 2023 07:30 AM Eastern Standard Time
4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London after the UK-based data, services and software company released its interim results for six months to 30 September 2023.
The results showed sustained organic growth, aligning with the company's stated targets. The current book revenue stands at £4.8 million, with an additional £1 million contract in the negotiation stage, positioning 4GLOBAL in line with market expectations.
Mazon emphasises the company's traditional second-half weighting due to seasonality and expressed confidence in meeting year-end forecasts. Looking toward the future, he highlights 4GLOBAL's strategic efforts in building a robust data set, now tracking over 35 million unique individuals and 4 billion data points. This data forms the foundation for AI integration, enabling the generation of business-critical insights for clients in revenue generation, operational efficiency, and investment decision optimisation.
He goes on to say that 4GLOBAL sees AI as a tool to enhance efficiency on the back end, potentially increasing margins and capacity to serve more clients. On the front end, AI leverages the vast data set to deliver unique insights, differentiating 4GLOBAL's offerings. The company is actively testing and piloting AI applications with existing customers and exploring new verticals such as health, driven by the maturity and size of their dataset.
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