Beeks Financial Cloud Share News (BKS)

(Sharecast News) - Beeks Financial Cloud announced two new contracts on Wednesday, that the company said reinforced its expectations for the 2026 financial year, extending its recent run of sales wins.

The AIM-traded cloud computing and connectivity specialist agreed a three-year private cloud deal worth $1.5m with a major Canadian bank, and a £2m extension to an existing Proximity Cloud contract with a large foreign exchange broker, taking the total value of that agreement to £4m over five years.

Revenue from both would start in the second half of the 2026 financial year.

Beeks said the wins demonstrated continued appetite for its cloud-based infrastructure among financial institutions.

Chief executive Gordon McArthur said the pipeline remains active across the firm's product suite.

"We have a wide range of opportunities progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud computing and connectivity solutions across the global financial markets," he said.

McArthur added that proof-of-concept work on Market Edge Intelligence "is progressing to plan, opening up a significant additional market for the Group", and said major Exchange Cloud contracts are "approaching completion".

At 1229 GMT, shares in Beeks Financial Cloud Group were up 4.95% at 228.26p.

Reporting by Josh White for Sharecast.com.