UK's Beeks Financial Cloud surges on fresh contract, upbeat outlook

Beeks Financial Cloud

06/02/2024 08:27

** Shares of Beeks Financial Cloud Group Plc  BKSB.L  surge
as much as 38% to 149.20p, their highest since March 3
    ** The cloud computing and connectivity provider signs
multi-million-dollar, multi-year expansion contract for its
proximity cloud offering and a new win with its exchange cloud
services
    ** Co now sees FY25 trading to be significantly ahead of
previous board expectations
    ** Stock set to post best day since IPO in 2018, if trend
holds 
    ** Stock lost ~27% in 2023
    

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))