Pulsar Group PLC - London-based software-as-a-service provider for the marketing and communications industries - Wins major, multi-year contract from a marketing and communications group worth €2.1 million in annualised recurring revenue and €6.3 million in total revenue over the life of the initial agreement. In addition, says operating performance was in line with expectations for the financial year ended November, reflecting momentum during the second half in particular. Expects cost savings of more than £7.0 million. ‘This is the second contract win in the last 12 months where Pulsar has been able to expand its services to extend into a group-wide and global mandate and the board sees a great market opportunity to build on this positive trajectory. This contract demonstrates the accelerating momentum of the group and we remain confident in the outlook for the group,’ says Chief Executive Joanna Arnold.
Current stock price: 38.30 pence, up 2.1% in London on Tuesday
12-month change: down 32%
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