Trading Update

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	[phone]
Adam James / Angelos Vlatakis
Alma PR	[phone]
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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