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D4t4 Solutions PLC on Wednesday said it signed a contract with an existing banking customer as it provided a brief optimistic outlook.
The Middlesex, England-based data management platform said the contract was one of two contracts previously mentioned which it had expected to close financial 2023 which ended on March 31, ‘and includes a high proportion of low margin hardware which is expected to be substantially delivered in the first half of FY24. This contract win accounts for a large proportion of the revenue shortfall from FY23.’
Looking ahead, Chair Peter Simmonds said that the company had a strong pipeline and high confidence to deliver growth and create ‘significant’ shareholder value in the coming years.
D4t4 Solutions shares were 0.3% higher at 195.55 pence each on Wednesday morning in London.
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