Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

Beeks Financial Cloud wins five-year private cloud contract

Thu, 24th Mar 2022 15:54

(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

Copyright 2022 Alliance News Limited. All Rights Reserved.

Beeks Financial Cloud

Shares in this article

Related News

Beeks hails "outstanding June" as wins Market Edge Intelligence deal
15 Jun 2026

Beeks hails "outstanding June" as wins Market Edge Intelligence deal

(Alliance News) - Beeks Financial Cloud Group PLC on Monday said it has won a five-year software contract with an existing customer, taking its year-t...

Beeks wins five-year, $3m software contract
15 Jun 2026

Beeks wins five-year, $3m software contract

(Sharecast News) - Beeks Financial Cloud has secured a five-year software contract worth $3.0m with an existing analytics customer, it announced on Mo...

IN BRIEF: Beeks Financial Cloud shares rise as wins three contracts
10 Jun 2026

IN BRIEF: Beeks Financial Cloud shares rise as wins three contracts

Beeks Financial Cloud Group PLC - Renfrew, Scotland-based cloud computing and connectivity provider - Wins three contracts across its Analytics, Proxi...