Sumo has released a positive pre-close statement this morning, confirming results for the year ended 2019 will be “at least in line with market expectations”, echoing the statement made at the same time last year. 2020E forecasts looked to be underpinned with a number of new contracts won towards the end of 2019. We leave our forecasts unchanged as a result of this announcement. We remain comfortable with Sumo’s investment case with the Group continuing to see good levels of

22 Jan 2020
New contract wins and increased headcount underpin FY20E

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New contract wins and increased headcount underpin FY20E
- Published:
22 Jan 2020 -
Author:
Bob Liao, CFA -
Pages:
12 -
Sumo has released a positive pre-close statement this morning, confirming results for the year ended 2019 will be “at least in line with market expectations”, echoing the statement made at the same time last year. 2020E forecasts looked to be underpinned with a number of new contracts won towards the end of 2019. We leave our forecasts unchanged as a result of this announcement. We remain comfortable with Sumo’s investment case with the Group continuing to see good levels of