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D4t4 revenue falls, with results expected to be second-half weighed

By BFN News | 10:23 AM | Monday 21 October, 2019


D4t4 Solutions reported a fall in revenue, in line with its expectations, with results forecast to be second-half weighted. Revenue for the first-half was expected to be £8.84m down from £13.99m last year. New contract wins secured in the first half of the year, with a focus on data platform software and services were continuing to deliver recurring revenues, the company said. 'The first six months of the current financial year have seen some excellent new contract wins particularly with our hybrid Private Cloud Data Platform solution with wins at ESME loans (a challenger start-up backed by NatWest/RBS) and Urenco, a world leading nuclear fuel enrichment company,' the company said. 'Celebrus Customer Data Platform software contract wins include a capacity extension for a Chinese bank, a capacity extension for a Taiwanese bank, new functionality for a European insurer and a new European retail customer,' it added. Looking ahead, the company said it remained confident in delivering a solid finish to 2020, in line with market expectations. At 10:23am: (LON:D4T4) D4T4 Solutions Plc share price was +0.5p at 213.5p Story provided by StockMarketWire.com

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