D4t4 Solutions notes "strong" pipeline as signs contract with customer

(Alliance News) - D4t4 Solutions PLC on Wednesday said it signed a contract with an existing banking customer as it provided a brief optimistic outlook.

The Middlesex, England-based data management platform said the contract was one of two contracts previously mentioned which it had expected to close financial 2023 which ended on March 31, "and includes a high proportion of low margin hardware which is expected to be substantially delivered in the first half of FY24. This contract win accounts for a large proportion of the revenue shortfall from FY23."

Looking ahead, Chair Peter Simmonds said that the company had a strong pipeline and high confidence to deliver growth and create "significant" shareholder value in the coming years.

D4t4 Solutions shares were 0.3% higher at 195.55 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News reporter

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