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Rosslyn Data Technologies CEO reveals talks with ‘very large’ partners

Charles Clark, chief executive of Rosslyn Data Technologies (LON:RDT), says he is in talks with ‘one or two more very, very large, substantial partners at the moment’. The company sees the ‘huge increase’ in revenues carrying on after strong growth in the back end of its financial year. The data analytics specialist today revealed it expects revenues to be no less than £2.8mln, which represents a year-on-year rise of 35%, although it reckons sales growth was closer to 50% in t

Shortly after the open, Dow Jones was 0.03% lower to 18,307 while the tech-heavy Nasdaq and the broader S&P 500 were equally as flat.

Charles Clark, chief executive of Rosslyn Data Technologies (LON:RDT), says he is in talks with ‘one or two more very, very large, substantial partners at the moment’.

The company sees the ‘huge increase’ in revenues carrying on after strong growth in the back end of its financial year. The data analytics specialist today revealed it expects revenues to be no less than £2.8mln, which represents a year-on-year rise of 35%, although it reckons sales growth was closer to 50% in the second half.

Clark discusses the partnerships that have helped drive the growth, as well as the departure of CFO Francis Reid.

Quick facts: Rosslyn Data Technologies PLC

Price: 7.15 GBX

AIM:RDT
Market: AIM
Market Cap: £13.79 m
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Investor Update: Rosslyn Data Technologies grows revenues and generates cash

Top stories from the Proactive Investors UK newsroom: Rosslyn Data Technologies PLC (LON:RDT) cut its operating losses by 75% in the last financial year, while also turning cash generative and, according to the company, is well-positioned in the current year. In a trading update ahead of...

on 29/5/19

2 min read