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28 Jan 2019 | 07:53

PCI-PAL notches US contract wins ahead of its expectations

Payments technology company PCI-PAL said it had posted a large rise in the combined value of its contracts during its fiscal first half.

For the six months through December, the company's total contract value was £3.41m, up from £0.68m on-year.

North American contract wins were ahead of management expectations, with a total value of £0.95m.

Like-for-like indicative IFRS 15 revenue for the period was expected to have grown by at least 25%, the company added.

'Over the last six months we have continued to develop a strong partner-led sales pipeline, closed major new enterprise customer accounts, and at the same time made solid progress with investments in our cloud technology and operational capabilities,' chief executive James Barham said.

'Leveraging our secure cloud payments technology with select and global leading partners is helping us to build our brand, reputation and growth rate internationally.'

'I am excited for the second half of this fiscal year and the year that follows.'

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