LONDON (Alliance News) - Software company Blue Prism Group PLC on Friday said it anticipates it will outperform its expectations for its current financial year amid good momentum on new contract wins.
Blue Prism, which floated on AIM in London on March, designs 'Software Robots' which can be trained to take on routine back-office clerical tasks for businesses.
The company said it has won a number of new contracts, including deploying its Robotic Process Automation software with an unnamed global bank. It also secured a renewal of an existing contract in place with a UK-based global bank, also unnamed.
The renewals leave Blue Prism on track to outpace its expectations for its financial year to the end of October.
"The group has continued to perform well, and we are very pleased to announce the continued pipeline momentum and renewal, which clearly illustrates the value Blue Prism's software provides," said Chief Executive Alastair Bathgate.
Blue Prism shares were up 15% to 172.00 pence on Friday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
