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Beeks Financial Cloud registers 35% Y/Y increase in revenues in H1 FY23

Beeks Financial Cloud Group Plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced its unaudited results for the six months ended 31 December 2022.

Group revenues grew by 35% to £10.40 million (H1 2022: £7.72m) primarily driven by the expansion of the Tier 1 customer base as the company executes on its land and expand strategy. During the period Beeks has grown our existing Tier 1 contract values and signed additional Tier 1 customers which now represent 50% (H1 2022: 30%) of Group total revenue.

Beeks’ core Private Cloud offering has continued to grow and has largely driven the sales increase, whilst the sales pipeline for Proximity
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