Revenues at iTouch soar as firm focuses on costs controls

REVENUES at iTouch soared in the four months to September, while losses at the Independent News and Media offshoot were curtailed to £11 million.

Revenues for the quarter were up 139% to £23.9 year-on-year and by a more modest but impressive 25% on the previous quarter.

iTouch chairman Ivan Fallon described the results as excellent, explaining the group had focused on increasing revenues while controlling costs. “In August 2002, the group consolidated its leading position in the UK interactive voice (IVR) market with the acquisition of Telescope. Simultaneously, we have enhanced our mobile data business, broadening our distribution channels whilst expanding our product offering with MMS products, polyphonic ringtones and Java games.