Cloudcoco Group Plc reports 44% revenue surge for six months ended 31 March 2020

  • Jun 30, 2020 BST
  • Team Kalkine
Cloudcoco Group Plc reports 44% revenue surge for six months ended 31 March 2020

  

Cloudcoco Group Plc (LON: CLCO) has released its interim results for the six months ended 31 March 2020.

  • The company reported a surge of 44 per cent in revenue to £4.43 million, as against the previous six-month period of £3.08 million (H1 2019: £4.18 million).
  • In a reflection to early successes in prioritising multi-year over single-year deals, the company’s TCV (Total contract value) signed was of £3.33 million, higher by 158 per cent against the previous six-month period of £1.29 million (H1 2019: £1.37 million).
  • Company’s Pre-tax loss reduced to £1.57 million from a loss of £5.59 million in FY2019, in H1 2019 the loss stood at £1.21 million.
  • On 30th June 2020, at the time of writing, GMT 08:54 AM, CLCO shares were trading at GBX 1.10, up by 0.35 points or 46.67% against the previous day closing price.

 


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