D4T4 Solutions PLC – AGM Statement

D4T4 Solutions PLC – AGM Statement

London: Thursday 22 August 2019: At today’s Annual General Meeting which is being held at the Company’s headquarters at 10:00hrs Peter Simmonds, Non-Executive Chairman will deliver the following statement on behalf of the Board to shareholders present:

 

As we said in the Annual Report, last year was another excellent year for D4t4 with a number of major contracts signed, strong growth in revenues and profitability, and overall delivering results slightly ahead of market expectations.”

 

“We are benefitting in terms of IP and recurring revenues from the repositioning of our business which focusses now on the data platform software and services market space, an area where we are positively building both our Celebrus software customer data platform base and our hybrid cloud data platform services sales.”

“We continue to make very good progress against the key areas of strategic focus in line with our aspiration of empowering our clients to gain significant value from their customer data and through this to deliver major uplifts in their revenues and profitability.”

 

D4T4 entered the current financial year (ending March 2020) in robust shape, and I am pleased to say that the business is continuing to trade well and in line with our expectations.  Reflecting the timing of anticipated contract wins, we are expecting some second half bias to the year overall though this is not expected to be as pronounced as that experienced in the year to 31 March 2018.  However, with a growing and healthy pipeline of new business opportunities together with a range of opportunities with existing clients, the Board remains confident regarding progress during the rest of FY20 and beyond.”

 

“Despite the unsettled macro-economic backdrop and uncharted waters the UK finds itself in with Brexit, we have identified many opportunities to develop our business with existing and new customers both domestically and overseas.  We believe that this will underpin our growth in terms of revenue and market share in our core markets. A large proportion (greater than 80 per cent.) of our business is dollar-derived and this gives us some protection from current Sterling weakness.”

“We continue to remain positive about the outlook and look forward to providing updates on contract wins and at the time of the interim results in late November.”

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