UK's Blancco Technology jumps on rosy FY forecast
03/07/2023 09:34
** Shares of software firm Blancco Technology BLTGB.L up
6% at 165.39p
** Co sees FY23 revenue to be above market expectations due
to strong demand
** Says operational gearing will also mean FY operating
profit is expected to be "comfortably higher than current
forecasts"
** Growth has been broad-based across all geographies with
enterprise demand stronger than anticipated, BLTGB says
** "With various legislation on data security and now
increasingly on sustainability emerging, Blancco is well placed
for continued growth as a beneficiary of these structural market
drivers" - CEO
** As of last close, stock down ~11% YTD
(Reporting by Eva Mathews in Bengaluru)
((Eva.mathews@thomsonreuters.com))