GlobalData PLC AGM Trading Update and Notice of AI Seminar (2949X)
25 Abril 2023 - 1:00AM
UK Regulatory
TIDMDATA
RNS Number : 2949X
GlobalData PLC
25 April 2023
25 April 2023
GlobalData Plc
(AIM: DATA, GlobalData, the Group)
AGM Trading Update and Notice of Artificial Intelligence ("AI")
Seminar
-- Strong growth continues
-- Margin progression tracking well
-- Significant emerging technology opportunities ahead
GlobalData Plc, the leading provider of industry intelligence,
today provides the following update on trading for the period 1
January 2023 to date, ahead of today's Annual General Meeting.
Group revenue, supported by healthy renewal rates, continues to
grow strongly and in line with market consensus. The significant
operating leverage in our platform is coming through as expected
and currently EBITDA is slightly ahead of market expectations.
Mike Danson, Chief Executive Officer of GlobalData Plc,
commented:
"We have started the year well, with our progress underpinned by
strong revenue visibility from existing customers and new customer
momentum. We remain on track to deliver against our stated
objectives. GlobalData has always benefitted from emerging
technology, and we are all excited in relation to the early
opportunities that generative AI and Machine Learning are
presenting. I am pleased to see our colleagues really embracing the
potential enhancements this could bring for GlobalData and its
customers and we look forward to presenting this opportunity at the
AI Seminar in June."
Artificial Intelligence Seminar for investors and analysts
In line with our strategy and capitalising on our powerful data
and insights, we continue to invest in our world class offering by
embedding and harnessing emerging technologies. With over 25% of
our datasets now wholly-driven by AI / Machine Learning and c.60%
of our Software and data science teams working on new product
development, this presents a significant opportunity for GlobalData
to unlock the potential of its Gold Standard product.
AI-driven tools have been embedded into renewals workflow,
helping clients derive more value from their partnership with us
and informing internal teams on the growth of client relationships.
There is also increasing demand from clients to understand the
impact of AI on their industries, and GlobalData is very well
positioned to serve their evolving needs through its unrivalled AI
research capability.
A short seminar for investors and analysts is planned for June
2023 to showcase recent innovations within GlobalData. Our
management team will be joined by several product leaders, who will
provide an update on advancements to expand AI-related research and
the adoption of AI-powered product capabilities across the
Company's platform. Further detail on the seminar and registration
information will follow in due course.
ENDS
ENQUIRIES
GlobalData Plc
Mike Danson, Chief Executive Officer 0207 936 6400
Graham Lilley, Chief Financial Officer
J.P. Morgan Cazenove (Nomad and
Joint Broker) 0203 493 8000
Bill Hutchings
Mose Adigun
Panmure Gordon (Joint Broker) 0207 886 2500
Rupert Dearden
Dougie McLeod
Numis Securities (Joint Broker)
Nick Westlake
Iqra Amin 0207 260 1000
FTI Consulting (Financial PR) 0203 727 1000
Edward Bridges
Dwight Burden
Emma Hall
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 which is
part of UK law by virtue of the European Union (Withdrawal) Act
2018. Upon publication of this announcement, this inside
information is now considered to be in the public domain.
Notes to Editors
About GlobalData Plc
GlobalData Plc (AIM: DATA) is a leading data, insights, and
analytics platform for the world's largest industries. Our mission
is to help our clients decode the future, make better decisions,
and reach more customers.
One Platform Model
GlobalData's One Platform model is the foundation of our
business and is the result of years of continuous investment,
targeted acquisitions, and organic development. This model governs
everything we do, from how we develop and manage our products, to
our approach to sales and customer success, and supporting business
operations. At its core, this approach integrates our unique data,
expert analysis, and innovative solutions into an integrated suite
of client solutions and digital community platforms, designed to
serve a broad range of industry markets and customer needs on a
global basis. The operational leverage this provides means we can
respond rapidly to changing customer needs and market
opportunities, and continuously manage and develop products
quickly, at scale, with limited capital investment as well as
providing unique integration opportunities for M&A.
Strategic Priorities
GlobalData's four strategic priorities are: Customer Obsession,
World Class Product, Sales Excellence and Operational Agility.
Growth Optimisation Plan
GlobalData's Growth Optimisation Plan is a set of initiatives
designed to drive revenue growth and profitability. The Plan's
initiatives operate across all of GlobalData's operations but are
organised around the strategic priorities noted above.
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END
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April 25, 2023 02:00 ET (06:00 GMT)
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