Raspberry Pi's shares jump 8% after microcomputer maker's revenues surge

The rise comes after Raspberry Pi was promoted to the FTSE 250 earlier this month

Raspberry Pi Operating System
(Image credit: Getty Images)

Shares in Raspberry Pi rose by as much as 8% on Tuesday after the British microcomputer maker said revenues were up by almost two-thirds to $144 million in the first six months of the year. 

The affordable computer supplier, which only listed on the stock exchange in June, said underlying profits had also increased by 55% to $20.9 million compared to the same six-month period last year. The company said this was aided by "strong uptake" of its Raspberry Pi5 single-board computer.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.