Revenue for FY 2020 is ahead of expectation and we adjust our forecast accordingly. Sales are growing at an impressive rate; >50% pa despite COVID-19 and the virus had no effect on the company’s ability to deliver projects with 23 new customers live in Q4. We note COVID concerns are causing some delay on contract decisions, and sales would have been even stronger but for that. These delays do lead to caution on FY 2021, and we ease back our forecasts on more prudent management guidan
07 Jul 2020
PCI Pal - Y/E trading update reveals impressive growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
PCI Pal - Y/E trading update reveals impressive growth
PCI-PAL PLC (PCIP:LON) | 63.5 -1 (-2.3%) | Mkt Cap: 45.7m
- Published:
07 Jul 2020 -
Author:
Cavendish Research -
Pages:
8
Revenue for FY 2020 is ahead of expectation and we adjust our forecast accordingly. Sales are growing at an impressive rate; >50% pa despite COVID-19 and the virus had no effect on the company’s ability to deliver projects with 23 new customers live in Q4. We note COVID concerns are causing some delay on contract decisions, and sales would have been even stronger but for that. These delays do lead to caution on FY 2021, and we ease back our forecasts on more prudent management guidan