i-Design (AIM:IDG) Decent results today from the leading developer of ATM marketing solutions
The Company’s technology enables banks and ATM owners to run both their own targeted marketing campaigns and third party advertising – surely all the banks should be running this software.
The business continues to make progress in a measured way, although some will probably be keen for things to happen a little more rapidly. Revenue increased by 13% to £1,606,000 and there was a first, albeit small, operating profit of £44,000 (2011: loss of £106,000). This small business has managed its cash admirably since float and there was net cash of £0.81m at the half year end. Some real optimism in the partnership with IBM and the major contract signed with First Data for supply of their new marketing software solution, joono The i-design ATM advertising solution enables retail banks…