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RNS Number : 7208C
D4T4 Solutions PLC
21 October 2020
21 October 2020
D4t4 Solutions Plc
Trading update, Capital Markets Day and notice of half-year
results
D4t4 Solutions Plc (AIM: D4t4, "the Group", "D4t4"), the
AIM-listed data solutions provider, provides the following trading
update for the six months to 30 September 2020.
Financial highlights*
-- Group revenue and adjusted profit** for the first half in line with management expectations
-- Half year revenue of GBP5.09m (H1 2019-20: GBP8.84m) with a
number of significant new contracts expected to close in the half
still pending, though expected to be awarded in H2, due largely to
contracts in current negotiation taking slightly longer to close
given the current environment
-- 12 monthly recurring revenue, as a percentage of total
revenue, increased to over 55% (March 2020: 45.2%)
-- Strong interim net cash position of GBP12.08m (FY 2019-20: GBP11.24m)
Operational highlights
-- Focus on data platform software and services continues to
successfully deliver recurring revenues from all new H1 wins
-- New contract wins secured including a large South American
retailer as well as the Group's first customer win in the US
healthcare market
-- The Group's strategic partnerships have moved forward - D4t4
has continued to strengthen its relationships with Teradata,
Pegasystems and SAS
o Teradata, D4t4's business partner, launched the "Vantage
Ignite program", a major product initiative into its global
installed base enterprise accounts where D4t4's Celebrus Customer
Data Platform (CDP) products are central to the initiative
-- Completion and delivery of version 9.2 of our Celebrus
Customer Data platform software, which includes embedded machine
learning capabilities and Natural Language Processing
-- Continued focus on enhancing the Group's enterprise software technology
Geographic and industry expansion
-- Continued investment in India, Europe and North America in
product management, technical support and service delivery to
support growing global presence
o Investment in the business and training of staff is playing an
important role in the delivery of D4t4's strategy both domestically
and internationally
-- Ongoing focus on existing and new strategic partnerships
continues to grow our increasing pipeline of opportunities across
the business
Outlook
-- The board remains confident in delivering a solid finish to
FY21, in line with management expectations
-- Prospects for H2 strongly underpinned by:
o High level of annual recurring revenue from new licences
signed during the second half of last year and support and
maintenance revenues
o Strong visibility on new contracts due to initiate during
H2
o Significant pipeline of new business in negotiation with
existing clients wishing either to increase the footprint of the
Celebrus CDP software or to extend the use of the Celebrus hybrid
Customer Data Management (CDM) platform solution
Peter Kear, CEO of D4t4 Solutions, commented:
"We have secured some excellent new contract wins in the first
six months of the current financial year. We signed notable deals
for our Customer Data Platform software with a range of customers
including a large South American retailer and our first US
healthcare company alongside extensions with a number of existing
clients. We have good visibility where new contracts are currently
in final negotiation.
"Our global partnerships are allowing us to increase our
addressable market. We have also made good progress with many of
our strategic initiatives and our international offering continues
to go from strength to strength.
"Overall, we are in a good position with a number of contracts
in final negotiation and a strong pipeline with an increase in new
opportunities. Based on our organic business, H2 annual recurring
revenues and the depth and quality of contracts in final
negotiation coupled with a strong new business pipeline, we remain
confident about our prospects for the full year."
Capital Markets Day and notice of half-year results
D4t4 is hosting a virtual Capital Markets Day for analysts and
investors today. Peter Kear, CEO and Charles Irvine, CFO will be
hosting the webcast and will be joined by members of D4t4's senior
management team. The presentation will provide further detail on
D4t4's Celebrus family of products (Customer Data Platform &
Customer Data Management), which will include a demonstration of
D4t4's proprietary CDP technology, as well as further insight into
the Group's partnership model. No new material information will be
disclosed.
A recording of the presentation will be available following the
event in the investor relations section of the D4t4 website.
D4t4 will publish its half year results for the six months to 30
September 2020 the week commencing 23 November 2020.
Note:
* The trading performance reported in this statement is based on
unaudited management accounts
**Adjusted for amortisation of acquired intangibles, share based
payment charges and foreign exchange gains
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Enquiries
D4t4 Solutions Plc Tel: +44 (0)1932 893333
Peter Kear, Chief Executive Officer moreinfo@d4t4solutions.com
Charles Irvine, Chief Financial Officer
finnCap (Nominated Adviser & Broker) Tel: +44 (0)20 7220 0500
Julian Blunt / Emily Watts, Corporate
Finance
Alice Lane, ECM
Canaccord Genuity (Joint Broker) Tel: +44 (0) 20 7523 8000
Simon Bridges / Andrew Potts
Instinctif Partners Tel: +44 (0)20 7457 2020
Adrian Duffield / Kay Larsen / Chantal D4t4Solutions@instinctif.com
Woolcock
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