Beeks Financial Cloud Posts Record Revenues of £2.6m in H2 2017
Posted: Wed Feb 21, 2018 9:21 am
One of the leading connectivity and network infrastructure providers for foreign exchange brokers, Beeks Financial Cloud has just reported on the outcome of the second half of 2017. The company posted an increase in revenues totalling 40 percent when compared to the first half of last year to £2.57 million.
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The firm outlines good revenue visibility maintained with its Annualised Committed Monthly Recurring Revenue metric up 50% at £5.93m. Gross profits are up 62 percent to £1.2 million with a net cash of £2.55 million as at 31 December 2017. ... (read more)