LONDON (Alliance News) - Cloudbuy PLC said Thursday that its full-year results for 2015 will be in line with market expectations, with a significant weighting towards the second half.
The company said its revenue for the half year to end-June was up 32% from the second half of 2014.
Cloudbuy said it has a strong sales prospect pipeline with a total potential value of GBP51 million at the end of the first half.
"We are pleased with progress in the first half of the year. There is increasing traction among prospects on a global basis for our products resulting in a strong pipeline of potential deals. Focus in the second half of the year is on generating revenue from existing projects on a recurring basis and on closing new deals which will have a combination of project and recurring revenue," said Chief Financial Officer David Gibbon in a statement.
Cloudbuy expects to announce its interim results September 10.
Shares in Cloudbuy were up 18% at 23.80 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
