D4t4 Solutions PLC - Middlesex, England-based data management platform company - Says results for the financial year that ended on Friday are expected to be lower than management expectations. D4t4 expects to report revenue of GBP21.5 million, down from GBP24.5 million the year before. Adjusted pretax profit is expected to reach GBP3.5 million, up from GBP3.3 million the year before. D4t4 explains that the lower expectations are a result of delays in signing a project with an existing banking customer. Revenue for the core business will be about GBP19.4 million, up 11% from GBP17.5 million. The company will publish the annual results on July 11.
Annual recurring revenue from software licenses and associated support, maintenance and managed services is expected to increase by 14% to about GBP16.0 million from GBP14.0 million in financial 2022. D4t4 says this further underlines the company's continued investment and focus in "growing the Celebrus software business". Adds that the total sales pipeline has grown by 27% during the year.
Chief Executive Officer Bill Bruno says: "Although the customer delays in closing the expected deals before our year end are frustrating, we are happy with the progress that we have made in growing our core business, focused on selling our Celebrus software in our key markets."
Current stock price: 181.54 pence, down 13% on Monday afternoon in London
12-month change: down 30%
By Xindi Wei, Alliance News reporter
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