Beeks Financial backs expectations as hails half-year contract wins
Beeks Financial Cloud Group PLC on Monday said it traded in line with expectations in its first half, hailing ‘strong momentum across all offerings’.
The company, which provides cloud computing and connectivity provider for financial markets, said a
‘high number of substantial contracts’ were won over the six months to December 31. This included two pacts that had a combined value of over £7.0 million.
‘This contract momentum, plus positive uptake at seven exchanges globally, provides strong visibility over FY revenue expectations, underpinning the board’s confidence in full year expectations,’ Beeks added.
Recognised revenue for the first half of £14.7 million is expected, down from £15.8 million a year prior. It noted a ‘lower level’ of upfront revenue from its Proximity Cloud offering, due to the timing of wins.
Chief Executive Officer Gordon McArthur said: ‘The first half of FY26 has seen strong commercial momentum across all offerings, securing multiple large-scale contracts, demonstrating the growing demand for our secure, high-performance cloud infrastructure across the global financial markets. We have entered the second half of the year with record levels of revenue visibility, underscoring our confidence in full year numbers, and our focus remains on executing against a strong pipeline.’
The company will issue results for its first half on March 18.
Beeks shares fell 5.2% to 216.20 pence each in London on Monday afternoon.
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