D4T4 Solutions H1 adjusted profits and revenues in line with expectations
By Iain Gilbert
Date: Tuesday 19 Oct 2021
(Sharecast News) - Data solutions provider D4T4 Solutions said on Tuesday that first-half group revenues and adjusted profits were in line with management expectations.
Interim revenues were up 47% year-on-year at £7.5m, helping the firm end the half with a strong interim net cash position of £16.1m, up from £12.1m at the end of the previous financial year.
D4T4 highlighted a "significant" new Celebrus customer data management contract with a major US-based global financial services organisation and the extension of an existing contract with a British financial services provider for the growth in both revenue and profits, as well as a new annual recurring revenue-based multi-year contract win with an existing Norwegian banking customer for its customer data platform, a contract upgrade with a European based retailer and another upgrade from an American top-10 global insurance provider.
The AIM-listed group added that it remains confident in delivering a "solid full-year" in 2022, in line with management expectations.
"Prospects for H2 are strongly underpinned by a significant pipeline of new business from existing clients wishing either to increase the footprint of the Celebrus CDP software or to extend the use of the Celebrus hybrid CDM platform solution, as well as from new customer opportunities for both CDP and FDP products," said D4T4.
As of 1130 BST, D4T4 shares were up 6.34% at 377.50p.
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