Pelatro PLC (LON:PTRO), the telecom customer engagement software specialist, says its order book for 2021 currently stands at US$6mln after receiving new business worth US$400,000.
Managing director Subash Menon said the company had “every confidence” of meeting its financial expectations for the year.
He added: "The continued growth in contracts augurs well for 2021 and beyond.
"Given that we have already secured contracts to deliver US$6mln of revenue for 2021 within the first quarter of the year, we have every confidence of our business roll-out and meeting our financial expectations for this year."
The company’s software processes information is designed to turn phone users into repeat customers of telecoms firms and mobile networks.
Integral to those efforts is the mViva suite of products that provide contextual marketing, loyalty, data monetisation and unified communications solutions to international names such as Telenor, Axiata and Singtel.
The need for the company’s technology is becoming increasingly relevant given the proliferation of electronic devices into daily human life, and by extension, the vast quantities of data generated.