The venue said the rise includes Olympic-related business and is 23% above what was achieved in 2011/12.
The company attributed the increase to a number of factors including the launch of its business events team in November 2011, which involves a collaboration between The Barbican’s commercial and arts offering.
Anthony Hyde, general manager at Barbican Business Events, said: "The Olympics meant that the 2012/2013 financial year was always going to be above average, however the fact that we grew our regular business to such significant levels at the same time is a testament to the hard work displayed by the whole team - from sales and marketing to delivery, logistics and infrastructure.
"Our expectation is to continue this success, aided by changes to the Centre. We are also supporting clients through ongoing investment in the latest technology."
The Barbican revealed that the completion of Milton Court has been an important step in its growth. The space consists of a 608-seat concert hall with retractable seating; a 227-seat theatre; a studio theatre and a TV studio suite.
In response to client feedback, The Barbican will also be launching its refurbished Garden Room, Conservatory and Terrace – all of which the company has said have recently benefited from "significant investment" to increase capacity – as well as renovating and refurbishing existing infrastructure.
The renovation work will be completed during the summer, with a launch event to be held in September to showcase the finished spaces.
Comment below to let us know what you think.
For more in-depth and print-only features, showcases and interviews with world-leading brands, don't miss the next issue of Event magazine by