Big data specialist Rosslyn Data Technologies (LON:RDT) saw its shares put on a spurt after it announced two contract wins, worth more than £300,000.
The first is with a leading US retailer and the second is with a prestigious global legal firm.
The board believes now it has its foot in the door, it will be in a good position to sell more of its analytical services and capabilities. In fact, the contract with US retailer was won after Rosslyn's services were given a run-out in Europe by a subsidiary of the retailer.
"These two recent wins underpin our momentum and progress in two important sectors for the firm whilst it provides the firm a flagship client in the US retail market,” said Charles Clark, chief executive officer of Rosslyn.
“The sales funnel is healthy and our operational effectiveness of converting these opportunities continues to improve. With our research and development teams focus on developing data technologies, our products continue to enable clients to quicken their data preparation and analytic activities, translating this into cheaper and less complicated analytics, which in turn makes the many marginal projects worthwhile - supporting our land and expand strategy, and mainstream applications more profitable," he added.
Shares in Rosslyn were up 4.8% at 11p in late morning trading.