Bango reports huge profit, lowers expectations

Bango has reported a 121 percent increase in revenue and a 125 percent increase in profit since last year. The rapid growth of the company, a mobile content facilitator, reflects the growth of the mobile content industry as a whole. Bango says its U.S. offices plan to sign up 22 content providers by the end of the year. But despite apparently strong financials, the company has lowered its forecast for growth due to "longer than expected lead times between a new content provider signing up and its marketing activity that drives end user spend."

For more on Bango:
 - read this article in the  BusinessWeekly