Dublin, May 1st 2009 – Jinny Software recorded a 48 percent increase in turnover in 2008 after winning a string of new clients, particularly in emerging African and Latin American markets. This caps a period of strong growth for the company after turnover grew by 43 percent in 2007. Profit after tax grew by almost 140% to Euro 1.28 million.
Jinny’s CEO, Max Wilkie, said that the firm was pleased with its performance for the year and that the figures were mainly down to its focus on emerging markets. “Africa in particular has been a very big market for us” he said. Wilkie said that Jinny continued to see significant opportunities in most regions notwithstanding the economic downturn.
While the current economic climate was definitely having an impact on capital spending by mobile operators, he said that Jinny was benefiting from the fact that it offered opportunities to customers to increase ARPU and savings on operational expenditure. The firm is also moving into the new market for mobile advertising managed services and Jinny believes that business has the potential to deliver strong revenues once it has matured.
2009 marks Jinny Software’s 10th year in business – it was founded in 1999 and was bought by listed Italian firm Acotel in 200