The results are in line with the July post-YE update. Revenue beat our pre-update expectations, growing an impressive 56% YoY despite lockdown in Q4. PCIP’s cloud delivery meant the pandemic had little effect on project delivery, with 23 new customers live in Q4. The uncertainty of COVID-19 delayed some Q4 contract decisions, but that has eased for new deals, although some of the delayed ones are yet to recommence. Following the £5m equity placing in March, PCIP is very well funde
14 Sep 2020
PCI Pal - A strong FY 2020 sees profit forecast in FY 2022
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PCI Pal - A strong FY 2020 sees profit forecast in FY 2022
PCI-PAL PLC (PCIP:LON) | 62.5 -0.6 (-1.6%) | Mkt Cap: 45.0m
- Published:
14 Sep 2020 -
Author:
Cavendish Research -
Pages:
15
The results are in line with the July post-YE update. Revenue beat our pre-update expectations, growing an impressive 56% YoY despite lockdown in Q4. PCIP’s cloud delivery meant the pandemic had little effect on project delivery, with 23 new customers live in Q4. The uncertainty of COVID-19 delayed some Q4 contract decisions, but that has eased for new deals, although some of the delayed ones are yet to recommence. Following the £5m equity placing in March, PCIP is very well funde