Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Tialis Essential IT PLC on Tuesday reported a ‘significant’ contract expansion with an existing client valuing its new agreement at around £50 million.
Shares in the Edinburgh-based provider of IT support services surged 36% to 85.25 pence on Tuesday morning in London.
The ‘major’ follow-on framework contract will run over a five-year period, with Tialis set to deliver lifecycle services, tech bars, end user support and field engineering to support the long-standing, unnamed customer’s business.
Tialis noted that the new deal will enhance its order book and revenue visibility for the next financial year.
‘We are delighted to deepen our long-standing relationship through this major contract expansion. Repeat business from high-quality clients is the clearest endorsement of our capabilities, and this award highlights the trust placed in us to deliver mission-critical solutions,’ said Chief Operating Officer Niall O’Regan.
‘This contract will meaningfully contribute to our revenue base and supports our strategy of driving growth through long-term partnerships,’ O’Regan continued.
Copyright 2025 Alliance News Ltd. All Rights Reserved.