(Alliance News) - Beeks Financial Cloud Group PLC on Thursday said it won a multi-year private cloud contract.
The contract, worth GBP4.4 million over five years, is for a new unnamed "European Tier 1 client", the Renfrew, Scotland based company said.
It brings the total contracted value of sales in its third quarter to about USD15 million. Beeks Financial Cloud's financial year ends June 30.
"Alongside other recent wins we have announced, this latest contract contributes towards underpinning our FY23 expectations. A substantial pipeline continues to build across our Private Cloud and Proximity Cloud offerings, and we are confident in our ability to further increase our market share," Chief Executive Officer Gordon McArthur commented.
Beeks Financial Cloud shares were 7.5% higher at 157.50 pence each in London on Thursday afternoon.
By Tom Budszus; tombudszus@alliancenews.com
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