Beeks Financial Cloud Group PLC (AIM:BKS) announced it has won three new contracts worth a combined £1.7 million, adding revenue visibility across its analytics, proximity cloud and private cloud businesses.
The AIM-listed financial markets cloud and connectivity provider said the deals include a 34-month software contract for Beeks Analytics and Market Edge Intelligence with an existing global financial services customer. The London deployment carries a total contract value of around £0.5 million and includes scope for further expansion.
In London, the small-cap share was up 18p, 9.4%, changing hands at 209p.
Beeks also secured a three-year Proximity Cloud contract with a new global technology customer, worth around £0.6 million, and a further three-year Private Cloud contract with a longstanding strategic partner, worth around US$0.8 million, or £0.6 million.
Revenue recognition from the Analytics and Proximity Cloud contracts is expected to begin this month, supporting the board’s expectations for the current financial year. Revenue from the Private Cloud contract is expected to start in FY27.
Chief executive Gordon McArthur said the wins showed “continued demand” across the group’s portfolio and reflected opportunities in “infrastructure, connectivity, analytics and AI-powered insight”
