Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Notes a ‘significant’ customer win. Beeks says ‘has achieved preferred cloud computing and connectivity vendor status for one of the world’s largest banking groups, in a competitive pitch process.’ The onboarding process is underway and revenue from the win, which has the ability for further expansion, is expected to commence in the first half of financial 2025. Revenue is valued at around £5 million over five years.

Chief Executive Gordon McArthur comments: ‘We continue to experience strong momentum across our offerings, typified by this latest Proximity Cloud win with a significant new customer, one of the world’s largest banking groups. We remain focused on the continued execution of our land and expand strategy, and we are well-placed to benefit as the global financial markets continues its transition to the cloud.’

Current stock price: 172.95 pence

12-month change: up 16%

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