Beeks Expects to Announce Trading Results in Line with Forecasts

Beeks Financial Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term Group plc has published a trading update for the 12 month period ending 30th June 2020. This reveals that the coronavirus pandemic has had a relatively small impact on the company’s overall trading.

According to a statement filed through the London Stock Exchange (LSE) this Tuesday, over the year, the Group has continued to make solid progress against its strategic objectives.

Because of this, the cloud computing and connectivity provider expects to announce its trading results within the range of the current market expectations.

Furthermore, Beeks outlined in its update today that the integration of the Velocimetrics Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term has progressed well, and the existing Tier 1 institutional customer implementations are continuing as planned.

As Finance Magnates reported, in April the company acquired the entire issued share capital of Velocimetrics Limited, for a base consideration of £1.3 million in cash and equity, along with a contingent earn-out.

Velocimetrics is a UK-based network monitoring and trade analytics software company. It provides its software to financial services businesses, such as Tier 1 banks, exchanges, brokers, hedge funds, and payment providers.

COVID-19 Has a Small Impact on Beeks

“Covid-19 has had a relatively small impact on Beeks' overall trading, and whilst the lockdown has inevitably impacted some customers' decision making processes, contract discussions with prospective Tier 1 clients remain in advanced form, and the Group has a continually growing sales pipeline,” Beeks said in its statement today.

“The Board therefore remains confident in the ongoing success of the Group, and ability to capitalise on the growing demand for cloud computing and connectivity from financial services organisations.”

Today’s announcement from the cloud computing and connectivity provider is just a trading update. The company will provide further information when it publishes its final results for the year-end 30th June 2020 in the middle of September.