Beeks Financial Cloud Group PLC Trading Update (9932U)
August 04 2020 - 1:00AM
UK Regulatory
TIDMBKS
RNS Number : 9932U
Beeks Financial Cloud Group PLC
04 August 2020
Beeks Financial Cloud Group plc
("Beeks" or the "Company")
Trading Update
04 August, 2020 -- Beeks Financial Cloud Group Plc (AIM: BKS) ,
a cloud computing and connectivity provider for financial markets,
is pleased to provide an update on trading for the year ended 30
June 2020.
The Group has continued to make good progress against its
strategic objectives and expects to announce trading results within
the range of market expectations. The integration of the
Velocimetrics acquisition has progressed well and all existing Tier
1 institutional customer implementations are continuing to
plan.
Covid-19 has had a relatively small impact on Beeks' overall
trading, and whilst the lockdown has inevitably impacted some
customers' decision making processes, contract discussions with
prospective Tier 1 clients remain in advanced form, and the Group
has a continually growing sales pipeline. The Board therefore
remains confident in the ongoing success of the Group, and ability
to capitalise on the growing demand for cloud computing and
connectivity from financial services organisations.
The Company looks forward to providing a further update at the
time of the Final Results, to be released in mid September.
For further information please contact:
Beeks Financial Cloud Group plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
Canaccord Genuity +44 (0)20 7523 8000
Adam James / Angelos Vlatakis
Alma PR +44(0)20 3405 0212
Caroline Forde / Josh Royston / Helena Bogle
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a leading cloud computing and
connectivity provider for financial services. Our cloud-based
Infrastructure-as-a-Service (IaaS) model allows financial
organisations the flexibility and agility to deploy and connect to
a variety of exchanges, trading venues and cloud service providers
at a fraction of the cost of building their own networks and
infrastructure. Based in the UK with an international network of
fifteen datacentres, Beeks supports its global customers at scale
in the leading financial centres.
For more information, visit: www.beeksfinancialcloud.com .
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END
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