Scotland based cloud computing and financial markets connectivity provider Beeks Financial Cloud Group plc (LON:AIM) has issued a Trading Update for its fiscal year ended 30 June 2024 (FY24).
FY24 results are expected to be in line with consensus expectations, with Beeks having delivered significant double-digit growth on the prior year, driven by a strong performance across Beeks’ Private, Proximity and Exchange Cloud offerings.
Beeks exited FY24 with approximately 18% growth in ACMRR in the year to £28.0m (30 June 2023: £23.8m). Revenue for FY24 is expected to be approximately 27% higher than FY23, delivering underlying EBITDA growth of over 27% and underlying profit before tax growth of approximately 67% versus FY23.
Significant wins secured in H2 FY24, including (as announced in March) the Read More
