Pelatro PLC - London-based marketing software specialist - Wins multiple purchase orders for change requests by existing customers worth USD600,000. Says with these orders, revenue visibility for 2022 amounts to about USD8.5 million.
Chief Executive Officer Subash Menon says: "We are continuing to experience significant momentum in our business and are confident of generating further growth in the foreseeable future."
Earlier last month, Pelatro won a contract with a Middle East telco to provide its mViva Campaign Management and Loyalty Management solutions. The initial value of the licence contract is around USD1 million, payable over three years.
Current stock price: 23.31 pence, up 6.0%
12-month change: down 39%
By Xindi Wei; xindiwei@alliancenews.com
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