D4T4 Solutions jumps after slew of contract wins

D4T4 Solutions achieved a record number of bookings for the second half of the data solutions provider's financial year ending 31 March.

The AIM traded outfit secured a number of contracts in the final quarter including Celebrus data collection software contracts with multiple unnamed parties including a major Japanese car manufacturer, a Taiwanese bank and two major online retailers in the UK.

D4T4's chief executive, Peter Kear, said: “We are delighted in our trading for the second half of the financial year, especially given the relatively quiet first half. We are also pleased to have recently secured our two largest ever contracts for our private cloud analytics solution, in both cases a proportion of each will be reflected in the 2017/18 financial year with the remainder to be recognised in 2018/19 and subsequent years.”

The contracts for D4T4’s private cloud analytics solution include a multi-year contract with a US-based global financial institution.

The company’s directors are “confident that the revenue and adjusted profit before tax will be ahead of the comparatives for the year ended 31 March 2017,” and will release a detailed update of its financial position on 23 April.

As of 0913 BST, D4T4 Solutions’ shares were up 19.16% at 127.50p.