Pelatro improves FY visibility with multiple contract change requests

Software firm Pelatro has secured several contracts for change requests adding up to approximately $300,000, improving visibility for the rest of the year.

Pelatro said on Monday that the changes will be delivered in 2021, pushing the total value of contracts in hand for 2021 revenue up to about $6.8m.

Chief executive Subash Menon said: "Given that we have clear visibility with contracts secured for $6.8m of revenue for 2021 so early in the year, together with the momentum we are building in our business, we are looking forward to a successful outcome this year in line with expectations."

As of 0930 BST, Pelatro shares were up 5.49% at 53.80p.