Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, has announced three additional contract wins across its Analytics, Proximity Cloud and Private Cloud offerings, with a combined total contract value of c.£1.7m.
The contracts comprise:
· A 34-month software contract for Beeks Analytics and Market Edge Intelligence® with an existing global financial services customer, for deployment in London, with a total contract value of c.£0.5m and opportunities for further expansion;
· A three-year Proximity Cloud contract with a new global technology customer, with a total contract value of c.£0.6m and opportunities for future expansion; and
· An additional three-year Private Cloud contract with a longstanding strategic partner, with a total contract value of c.$0.8m (c.£0.6m).
Revenue recognition from the Analytics and Proximity Cloud contracts is expected to commence this month, supporting the Board’s expectations for the current financial year. Revenue recognition from the Private Cloud contract is expected to commence in FY27.
The Analytics win is the second deployment of the Group’s recently launched Market Edge Intelligence® offering, demonstrating strong early customer adoption and reinforcing the commercial opportunity for advanced analytics and AI-powered insight solutions across financial markets infrastructure.
Gordon McArthur, CEO of Beeks, commented: “These contract wins demonstrate continued demand across our product portfolio and reflect the breadth of opportunities we are seeing across infrastructure, connectivity, analytics and AI-powered insight.
We are particularly encouraged by the early adoption of Market Edge Intelligence® following its launch earlier this year. The contracts further strengthen our revenue visibility across each of our offerings.”
