itim Group Ltd - London-based click-and-collect software firm - Wins contracts with an unnamed British fashion retailer, an electronics retailer, and a Brazilian pharmaceutical company. Says that these new contracts, coupled with extensions of existing contracts, will lead to an increase in annual recurring revenue of GBP1.8 million. Explains that at the end of the first quarter, it reaches "a material amount" of its target to achieve GBP14 million in ARR by the end of December 2022. This would be an uplift of GBP2.9 million in the year.
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