Pelatro improves FY visibility with multiple contract change requests
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16:55 28/09/23
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Software firm Pelatro has secured several contracts for change requests adding up to approximately $300,000, improving visibility for the rest of the year.
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Pelatro said on Monday that the changes will be delivered in 2021, pushing the total value of contracts in hand for 2021 revenue up to about $6.8m.
Chief executive Subash Menon said: "Given that we have clear visibility with contracts secured for $6.8m of revenue for 2021 so early in the year, together with the momentum we are building in our business, we are looking forward to a successful outcome this year in line with expectations."
As of 0930 BST, Pelatro shares were up 5.49% at 53.80p.