Raspberry Pi profits higher than expected after stock market float

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK budget computer firm Raspberry Pi has revealed that profits were stronger than expected in its first update since floating on the London stock market earlier this year. We have an extraordinary team, a world-class product set backed up by an exciting future road map, and a loyal and engaged customer base that we can continue to grow Eben Upton, Raspberry Pi boss The stock market debutante told shareholders that revenues jumped by 61% to 144 million US dollars over the six months to June 30, compared with the same period a year earlier. As a result, the group said: “Having previously expected performance to be weighted towards the second half of the year, this is no longer the case, with profitability in the first half ahead of internal expectations.” Raspberry Pi added that it now anticipates higher unit volumes for the second half of this year on the back of new product launches. “We have an extraordinary team, a world-class product set backed up by an exciting future road map, and a loyal and engaged customer base that we can continue to grow.”