Posted: 17/01/2013
StockMarketWire summarise Forbidden’s trading update: “Forbidden Technologies expects revenue growth to exceed analyst forecasts of around 50% by a respectable margin. Forbidden says the its Cloud video platform, FORscene’s reliability, speed and reduced cost have been the major drivers of growth in professional markets, the source of almost all Forbidden’s revenue”, with Sharecast reporting on market reaction: “Shares in Forbidden Technologies soared”. Proactive go into more depth: “Forbidden Technologies’ (LON:FBT) revenues surged in 2012 driven by the widespread use of its video editing technology during the Olympics”, also including Forbidden in their Chinese coverage, with the mobile angle being covered by NASDAQ’s Dow Jones article: “Forbidden Technologies currently sells Clesh, which people with smartphones use to edit videos to upload onto the website Youtube, for $4.99”, and Total Telecom with: “Forbidden Technologies plans to boost smartphone app revenue”.
Blackbird is best-of-breed
Jon Hanford - Group CTO, Deltatre