1st Apr 2015 07:06
LONDON (Alliance News) - Daily Internet PLC shares surged at the open on Wednesday after the company said it expects to beat market expectations for the year and said it has won a new contract with an unnamed insurance company.
The hosting and cloud infrastructure company said its expects its results for the year to the end of March be a significant improvement year-on-year. It expects revenue to be ahead of market expectations and expects earnings before interest, taxation, depreciation and amortisation to be "materially ahead" of market forecasts.
The company also said its Netplan Internet Solutions Ltd business has a series of contracts worth a total of GBP565,000 with a global insurance company. The contracts, to provide a Payment Card Industry Data Security Standard cloud service for the processing of payment card data for travel insurance policies, will start immediately and will run for a minimum of three years, it said.
"We are pleased with financial performance of the company during 2014 in general and this contract win in particular. Furthermore, the future investment plans our customers are currently showing us, should enable us to continue our improving financial performance," said Chief Executive Chris Evans.
Shares in Daily Internet were up 335 to 1.9 pence in early trade, the best performer in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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