Rosslyn Data Technologies (LON:RDT) is achieving “significant traction with its partner business,” according to Cenkos Securities, following this month’s tie-up with Genpact.
“August’s announcement of a partnership with Genpact will bring a number of new clients on to the Rosslyn analytics platform” the broker said.
The deal, announced earlier this month, will see Genpact add Rosslyn’s RAPid big data Cloud-based analytics system to its own suite of products.
Genpact, a US-listed US$5bn company, helps blue-chip clients improve their internal processes. A number of existing Genpact clients will join Rosslyn’s platform, adding to the AIM-listed company’s revenues.
“Genpact could materialise to be Rosslyn’s single largest client in due course,” Cenkos said.
It follows a tie-up with PwC, which along with the Genpact partnership, should see Rosslyn achieve Cenkos’s full year forecasts.
House broker Cenkos said: “With the PwC and other contract wins already announced this year, annualised new business wins amount to well over £1mln.”
With a third of the financial year behind us, Cenkos reckons Rosslyn will generate full-year sales of £5mln, with £0.6mln added through the new partnerships.
“Rosslyn could deliver 80% revenue growth this year and breakeven next fiscal period,” the broker said.
It has a ‘Buy’ rating on the stock, which gained 2.3% to 15.35p today.