LONDON (Alliance News) - Coms PLC Monday reiterated its confidence in meeting market expectations for the full-year, as it won new contracts and saw results start to come through from its restructuring in the half-year to the end of July.
The cloud-based telephony company said that since May 7, it has signed new contracts worth GBP7 million across its infrastructure, ICT management, wholesale telecoms and mobile telecoms operations.
This includes; a mobile contract worth GBP3 million over five years with a recruitment organisation in its mobile telecoms business, five new contracts with telecommunication resellers worth a total of GBP894,000 in its wholesale telecoms business, and GBP630,000 of project works for financial services clients in infrastructure and ICT management, amongst others.
Coms said that its restructuring, which is nearing conclusion, is delivering results, and combined with improving trading across its division bolsters its confidence for the full-year.
"It is encouraging to see we are gaining traction with a diverse range of clients, delivering a wide range of services within telecoms, infrastructure, ICT and our new OneSpace platform securing contracts with global banks, law firms and major retailers, demonstrating the quality of the group's offering and the ongoing speed of our expansion," said Chief Executive David Breith in a statement.
Coms will announce its interim results before the end of October, it said.
Shares in Coms were trading 1.6% lower at 3.98 pence per share Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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