Oxygen8, a global provider of integrated mobile solutions, today announces its financial results for 2011, a year which has seen high performance from the Oxygen8 Group as a whole.
Turnover increased significantly to £75 million in 2011 a 22% growth on 2010. Profit has almost doubled for the Group, with a profit on ordinary activities before taxation of £3.7 million. Cash flow was equally strong, with net cash growing £10.2m.
Oxygen8 is continuing to expand its international business activities in 2012, opening new offices in South East Asia and launching the Direct Control Voice and Mobile platform. The platform will give more campaign control to businesses, providing them with an intuitive system that they will be able maintain and monitor independently.
Shane Leahy, Group Chief Executive Officer of Oxygen8 Communications comments: “We delivered strong performance in 2011 with record revenue and we are continuing to grow in 2012, with turnover figures set to pass £90 million. Our operational focus continues to yield positive results and our ongoing innovation enables our customers to solve their critical business needs.”