29th Dec 2020 17:36
Shearwater Group PLC - London-based cybersecurity services provider - Says third quarter progressed has continued and recognised revenue in October and November was 39% higher year-on-year. "Strong momentum has continued into December. This has materially reduced the year-on-year revenue deficit reported for the first half and the group continues to track in line with profit expectations for the full year," Shearwater adds. Says Brookcourt Solutions Ltd unit pens two one-year contract renewals and two new contract wins with an undisclosed "British multinational investment bank and financial services company". Shearwater adds: "The deals have a total value of circa GBP860,000 over the course of the contracts and ensure that Brookcourt's client is using effective cyber security solutions and tools to protect itself and its customers against well-funded, motivated and organised attackers."
Current stock price: 154.00, up 10% on Tuesday
Year-to-date change: down 28%
By Eric Cunha; [email protected]
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