Pelatro To Meet Full-Year Expectations Following Major Contract Win

LONDON (Alliance News) - Pelatro PLC on Tuesday said it is confident it will meet market ...

Alliance News 17 April, 2018 | 10:57AM
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LONDON (Alliance News) - Pelatro PLC on Tuesday said it is confident it will meet market expectations for 2018 after it won a USD1.7 million contract with a central Asian subsidiary of telephone company Telco.

Shares in Pelatro were trading 12% higher at 86.56 pence per share on Tuesday.

The marketing software company said that under the agreement it will implement its precision marketing solution mViva and will also guide the Telco in setting up a fully-fledged customer value management department along with required processes.

Pelatro also highlighted that the contract is the largest entered into by the company to date and therefore it is confident to at least meet market expectations for its 2018 financial year.

"I am delighted to announce this significant contract win with an established European Telco," said Pelatro Managing Director Subash Menon. "2017 was a transformational year and we have made a strong start to 2018. Our pipeline remains healthy and I look forward to updating the market on our future successes."

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Pelatro PLC 83.25 GBX 0.00 -
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