Mobile marketing and entertainment solutions provider InternetQ has provided more evidence of its ability to tap into the hot sector it plays in. A trading update released this morning says revenues were €30m in the six months to end June, “representing organic growth of over 50%”.
This follows a positive Q1 update (see InternetQ racking in new business) and 35% growth in 2011 (see InternetQ rides the mobile wave). Part of the reason for InternetQ’s accelerating growth is its market diversification. Its expanding interests in Asia and Africa are growing even faster than more mature markets, with the company citing significant new contracts in Russia, Pakistan, Thailand and Turkey.
InternetQ shares are up 7% in trading this morning.