Online video company Forbidden Technologies has rocketed after revealing a big jump in capacity and impressive sales.
The group's main offering is video editing software, delivered through the "cloud" which allows clients to upload and create content online.
Forbidden says it has increased its server capacity, allowing a 50 times increase in database access speed. This upgrade should also enable the group to serve a greater number of clients.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Forbidden says invoiced sales to broadcast clients have grown 60% in the first quarter of 2012 compared to the same period of 2011.
The company says its FORscene solution: "continues to deliver cost and time benefits for its end users. Awareness of FORscene is growing and the ability to use the platform from anywhere at any time on so many devices is increasingly being recognised."
By 10:50 the shares had risen 15.6%.
BS
-
Are you one of 15 million people at risk of retirement poverty?Two-fifths of people in the UK aren’t on track for a minimum lifestyle in retirement, new data shows. Are there steps you can take to boost your pension?
-
150 banking hubs now open across UK – is there one near you?As the 150th banking hub opens its doors, a Post Office deal that offers basic banking services has also been extended until 2030. We explain what this means for you
