Beeks Financial Cloud won more than $7 million worth of new Private Cloud contracts in August, the financial markets cloud computing and connectivity provider announced today.
Shares in the firm were 3% higher at the time of writing.
The contracts span multiple financial institutions across different regions, with revenue recognition beginning in the current financial year. This supports the board’s expectations for FY26.
Private Cloud offers secure, high-performance, low-latency computing platforms built exclusively for single organisations within their chosen data centres, unlike shared public cloud resources.
The August wins follow Beeks’ record Proximity Cloud performance in June, demonstrating continued contract momentum for the AIM-listed company.
“Demand for our offerings continues to build as financial institutions increasingly recognise the need for secure, high-performance infrastructure,” said Gordon McArthur, CEO of Beeks.
“These wins add meaningful contracted revenue for this year and reinforce our confidence in the Company’s ongoing growth prospects.”