LONDON (ShareCast) - (Sharecast News) - Cloud-based services group Zoo Digital reiterated guidance issued by the group back in late March on Monday, stating cash collection had been "much stronger' than forecast.
Zoo Digital said revenues for the year ended 23 March were still expected to come in at around $30m, while underlying earnings were pegged to come in no lower than $2.2m.

The AIM-listed group also stated that trading in the first weeks of 2021 had been "encouraging", with a pipeline of new business opportunities having been built thus far in the period.

Zoo also said it had experienced a "reassuring resumption in demand" following a temporary softening in sales as a result of the Covid-19 pandemic.

Chief executive Stuart Green said: "The current environment has encouraged industry change and the investments made in prior periods to scale our business mean we are well placed to meet our customers' needs."

As of 1045 BST, Zoo shares were up 2.67% at 77p.

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