UK's Pebble Beach Systems Group soars on upbeat outlook
31/01/2024 09:22
** Shares of Pebble Beach Systems Group Plc PEB.L jump as
much as 33.3% to 11p, their highest since Aug. 2, 2022
** Software business specialising in content management and
IP control solutions for the broadcast and streaming service
markets sees FY23 performance ahead of current market forecasts
** Projects FY23 adjusted core profit of about 3.8 mln
pounds ($4.8 mln) and revenue of about 12.4 mln pounds
** Co expects to sustain FY23's recurring revenue growth
rate through the next fiscal
** Stock set to post best day since April 6, 2018, if trend
holds
** Shares up 25% as of 0910 GMT; stock gained ~29% in 2023
($1 = 0.7882 pounds)
(Reporting by Aby Jose Koilparambil)
((abyjose.koilparambil@thomsonreuters.com))