22nd Apr 2014 14:56
LONDON (Alliance News) - CloudBuy PLC on Tuesday told its annual general meeting that it has made considerable progress towards its medium-term target of GBP50 million revenue, with 80% of its business overseas.
The company said in a statement prepared for the shareholders meeting that it now had three separate areas that could deliver this target revenue on their own, including its Care and Health businesses.
CloudBuy said it had secured a number of contract wins early in the year which it expects to deliver "significant revenues" in the second half of the year.
Shares in CloudBuy were trading up 2.7% at 38.00 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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