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02 Feb, 2022 14:21

Beeks Financial Cloud inks $2.2m contract with FX broker

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Cloud computing firm Beeks Financial Cloud has inked a $2.2m, four-year contract with one of the world's largest foreign exchange brokers.

Beeks Financial said on Wednesday that the "significant contract" was for its recently launched Proximity Cloud offering and expanded upon its growing number of tier-one financial services customers.

The AIM-listed firm stated that combined with positive trading with new and existing clients, the new Proximity Cloud contract win meant that it now anticipates full-year revenues will be ahead of current market expectations.

Beeks added that the additional revenue would be reinvested in the further development of the Proximity Cloud offering in order to capitalise on its "growing sales pipeline and significant market opportunity".

As of 1420 GMT, Beeks shares were up 1.78% at 171.50p.


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.