ITouch (Ireland) has announced a 5 per cent increase in revenues in the second quarter of 2001 and a 24 per cent rise on the third quarter of 2000.
Despite the increases, the company said its third-quarter Smart Messaging revenues were down, although third-quarter interactive voice response (IVR) revenues were up significantly.
The news follows the announcement this morning that parent company iTouch plc has announced an increase in revenues for the first nine months of this year of 350 per cent.
The London-based company, which is 50 per cent owned by Sir Anthony O'Reilly's Independent News and Media, said revenues for the nine months to 30th September, 2001, were £10 million sterling, 344 per cent up compared to the first nine months of 2000.
For the third quarter of 2001 alone, the company reported revenues of £4 million, a jump of 20 per cent from the previous quarter.
The growth in a weakening economy, especially in the communications sector, can be attributed in part to iTouch's succession of acquisitions in the past 12 months.
Last year the firm bought the New Zealand mobile office applications developer Holliday in a £7.4 million deal.
That was followed by its purchase of Telequity in Australia for 2.6 million Australian dollars and its most recent acquisition of the branded and media sales elements of Thus plc in the UK.