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eg solutions to supply software to public sector organisation after £0.7mln contract win

The contract is the first to be won under a new partnership agreement between eg and the provider of its managed cloud service platform, CGI
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Around £500,000 of the total revenue from the contract will be recognisable in the current financial year

Fresh from announcing record-breaking figures for its second half of 2016 earlier this week, eg Solutions plc (LON:EGS) revealed it has won a new contract worth £692,000.

The back office workforce optimisation specialist has inked a deal to supply its eg operational intelligence software to a public sector organisation.

Around £500,000 of the total revenue from the contract will be recognisable in the current financial year, the company said.

The contract is the first to be won under a new partnership agreement with the provider of eg’s managed cloud service platform, CGI.

The tie-up will see the two parties work together to market eg’s software to public sector organisations as well as CGI’s own clients.

“I am delighted that our partnership with GCI is now moving beyond provision of our hosting platform,” said chief executive Elizabeth Gooch.

“We expect that the promotion of our solutions both within the public sector and to GCI's existing client base will be equally successful.”

Andrew Thirkill, chief executive of CGI added: “The new contract demonstrates the ability for UK-owned technology businesses to deliver results to UKGOV organisations, and a clear departure from the giant corporation contracts of yesterday.

Earlier this week, eg told investors it expects to post record revenues of at least £5.69mln for the six months to 31 January 2017 after a refocused strategy and several contract wins provided a boost to trading.

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