Next Fifteen has posted accelerating revenue growth through the third quarter as the stars align for a bountiful fourth quarter.
In its third quarter trading update, the tech and data consultancy reported year-on-year revenue growth of 38%, ahead of the 34% growth reported for the three months to October 31 2021, setting up expectations for a ‘strong’ performance in the final three months.
A broad-based uplift in income was registered across the board, with organic growth of 24% in the first nine months again outpaced by a third quarter that posted a 26% increase. Taken together, the tea leaves point to full-year results coming in ahead of management expectations.
Next Fifteen chief executive officer Tim Dyson said: “Our strong revenue momentum is testament to demand for our wide range of growth-enhancing services at a time of challenge and disruption across industries. It remains our priority to accelerate investment in talent and product development to continue to innovate for clients and drive longer-term growth.”
Next Fifteen’s results have in part been flattened by the strength of the US dollar, but this does not detract from core strengths that saw all four core activities of the group – customer delivery, business transformation, customer insight and customer engagement – post growth of at least 15% through the first nine months of the financial year.
The strong performance follows the acquisition of predictive analytics and data specialists Planning-inc in 2019.