25th Jun 2014 10:03
LONDON (Alliance News) - Proactis Holdings PLC Wednesday said it has signed a deal with Fifth Third Bank whereby the US bank will use Proactis' end-to-end spend control and eprocurement solution which aims to deliver profit improvements by bringing expenditure under control.
Proactis said the five-year agreement has the potential to generate revenue in excess of USD2 million over the period and, based on the revenue that it expects to generate during the financial year ending July 31, it now expects group revenues and profits to exceed current market expectations for the period.
Proactis shares were quoted up 6.6% at 58.62 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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