Beeks Financial Cloud Group PLC shares fell 7% to 212.5p after it reported half-year trading in line with expectations, with strong momentum across all its core products.
The group secured a series of sizeable contracts towards the end of the six-month period to 31 December, including two Exchange Cloud deals and further Proximity Cloud and Private Cloud wins, with a combined total contract value of more than £7.0 million.
Around half of that is expected to be recognised in the second half of the 2026 financial year.
Underlying run rate revenue from Private Cloud rose 15%, with annualised contract monthly recurring revenue climbing to £32.8 million from £28.5 million a year earlier.
Reported revenue for the half year is expected to be £14.7 million, down from £15.8 million, reflecting the timing of Proximity Cloud wins and a shift to a revenue share model in Exchange Cloud.
Chief executive Gordon McArthur said the business had entered the second half with “record levels of revenue visibility” and remained confident of meeting full-year expectations.
The shares have traded largely sideways over the past year, mostly between 250p and 300p, after hitting an all-time high above 325p in February last year.