Beeks Financial Cloud Shares Jump On Key Contract Wins, Underpinning FY26 Expectations

Beeks Financial Cloud Group plc (AIM: BKS) has announced two significant contract wins, signaling continued sales momentum and reinforcing the Board's confidence in meeting its FY26 expectations.

The news provides a positive outlook for the cloud computing and connectivity provider, serving financial markets globally. The company's shares have rallied around 4.9% so far on Wednesday.

The company secured a three-year Private Cloud contract with a major Canadian bank, valued at $1.5 million. Additionally, Beeks has signed a £2 million Proximity Cloud extension to a recently won contract with a large FX broker, bringing the total contract value to £4 million over five years. Revenue from both contracts is expected to begin in the second half of FY26.

These contract wins highlight the demand for Beeks' specialized cloud solutions within the financial sector. The Private Cloud offering caters to organizations seeking secure and scalable cloud infrastructure within their own data centers or a chosen facility. Meanwhile, Proximity Cloud provides a high-performance, dedicated trading environment optimized for low-latency trading, emphasizing security and compliance.

The contracts' revenue commencement in H2 FY26 suggests a delayed but promising impact on the company's financials. Markets will be watching closely for updates on the implementation and contribution of these contracts as the fiscal year progresses.

Driver Breakdown:

• Private Cloud Adoption: The $1.5 million contract with a major Canadian bank demonstrates the increasing adoption of private cloud solutions within the financial industry, driven by security and control requirements.
• Proximity Cloud Expansion: The £2 million extension of the FX broker contract highlights the value proposition of Beeks' Proximity Cloud in delivering low-latency trading environments.
• Global Reach: These wins, spanning North America and Europe, underscore Beeks' ability to serve global financial institutions with its cloud and connectivity solutions.

CEO Gordon McArthur commented: “As described at the time of our Final Results, we have a wide range of opportunities progressing through our sales pipeline across the breadth of our product offering, demonstrating the growing appetite for our cloud computing and connectivity solutions across the global financial markets.

“With the proof of concept for our newest offering, Market Edge Intelligence, progressing to plan, opening up a significant additional market for the Group, and Exchange Cloud contracts with major exchanges approaching completion, we remain confident in continued momentum across our business.”

McArthur's statement reinforces the company’s focus on expanding its product portfolio and capitalizing on the growing demand for cloud solutions in the financial markets.

The progression of Market Edge Intelligence could unlock new revenue streams and further solidify Beeks' position in the competitive financial cloud market. The completion of Exchange Cloud contracts with major exchanges represents another potential growth driver for the company.