Vianet trading in line with expectations

(Sharecast News) - Vianet Group said in an update on Wednesday that trading remained in line with management expectations, with both divisions continuing the positive momentum reported at the time of its full-year results. Speaking at the company's annual general meeting, chair James Dickson said the group was well positioned to deliver on its long-term strategic plan.

"Our strategic initiatives and partnerships, together with ongoing investment in our solutions, people and technology, continue to strengthen our customer proposition," Dickson told shareholders.

"The team continues to reinforce existing relationships, successfully attract new customers, and expand our range of services."

He added that Vianet's secured long-term contracts offered strong recurring revenue visibility and underpinned a robust sales pipeline.

The company said it was continuing to assess future strategic opportunities as it looked to sustain growth.

At 0900 BST, shares in Vianet were up 1.06% at 95p.

Reporting by Josh White for Sharecast.com.