News this week.....11 Nov 2013 09:44
'Since the completion of the financial year ended 31 March 2013, we have
continued to focus on winning SaaS business. Since the start of the year we have gained two new SaaS clients in the second tier of the banking sector: Bank of Hubei and Bank of Huaxia. On SaaS business for existing clients, we are providing solutions for digital marketing, E-commerce and customer experience management. We see significant opportunities for H2 and hope to announce further contracts with our next trading update.'
The last part leads me to think more contract wins may well be included in the trading update.
My suspicion is we have had no prior date given for the November update so that there is scope for the company to make a contract win announcement (maybe more than one?) on something they have been working on but was possibly not finalized at the date of the last statement (14-10-13) saying 'we have no idea why our share price us going up!' What they stated then was:
'As previously stated, the Company will provide a detailed interim trading
update in early November and expects to announce interim results for the six
months ending 30 September 2013 in mid-December 2013, which we expect to be in line with expectations'.
That's the December update they're talking about being in line with expectations - not the November trading update IMO.