Published on: October 5, 2021

Solid FY 21A results, a strong start to FY 22E

Cloud computing, connectivity and analytics provider for financial markets, Beeks Financial Cloud Group (“Beeks”) has delivered solid FY 21A results in our view. Against a backdrop of COVID19 and ongoing investment in new products and the platform, the group has reported impressive growth in both revenue and profits. The accompanying trading update confirms a record start to the current financial year, including a number of sizeable contract wins. We increase FY 22E forecasts following the announcements, with revenue and adjusted EBITDA increasing by 15% and 13% respectively.

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