Published on: June 19, 2017
Encouraging contract gain
EU Supply, the e-procurement software provider, has announced a 3-year single-source framework agreement with an existing customer, for support and maintenance renewals and customer-paid enhancements. Revenues will depend on services being ordered by the customer over the life of the agreement. Although there are no committed orders at this stage, there are customer discussions for potential call-off orders for delivery over the next few years. This framework agreement is an encouraging development, lending confidence to and suggesting scope for upside potential in our maintained forecasts