REG - GlobalData PLC - AGM Trading Update and Notice of AI Seminar

GlobalDataAnnouncement

25/04/2023 07:00

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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)                0207 260 1000

 Nick Westlake

 Iqra Amin

 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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