D4T4 Solutions - interims and corporate news due 25th November
The data solutions provider has picked up four new contracts, worth another £5.5m in current year revenue.
This group’s pipeline of new business possibilities with new and current clients gives some strength to its H2 earnings ability.
Peter Kear, the group’s CEO, stated that "We are in a good position and remain confident about our prospects for the full year with clear visibility on both existing and new business, plus the high level of recurring revenue to be recognised during the second half."
There they are again – the magic words – ‘recurring revenue’ – I just love those words and so too does any CEO and CFO – ARR just helps the business grow.
I look forward to the company announcing its interim results to end September on Wednesday 25th November.
In the meantime, the shares which are moving ahead again, now at 224p, could well be heading back up to and over the 242p peak they touched during the summer.
(Profile 09.04.20 @ 170p set a Target Price of 215p*)