GlobeOp posts H1 2011 results 04 August 2011New York Reporter: Anna Reitman
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GlobeOp reports a "solid start to second half" with year-on-year revenues up 23 per cent in the first six months of 2011.
"We added new clients, particularly in the second quarter, and our new business pipeline is building," said Hans Hufschmid, CEO. "We have continued to invest in our capabilities and enhanced our marketing efforts while expanding profit margins and generating strong cash flows."
Adjusted operating profits increased almost 28 per cent to €32.4 million. AuA increased 14 per cent to $170 billion as at 30 June 2011.
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