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Pelatro PLC - London-based marketing software specialist - Wins a ‘large’ contract for campaign management solution by an unnamed Middle East telecommunications company with operations in multiple countries. In 2022, Pelatro had won a contract from one of its operations and has now expanded the relationship to three more countries. The overall contract delivers recurring revenue of about $650,000 per year, it adds. Managing Director & Chief Executive Officer Subash Menon says: ‘We are excited with this large recurring revenue contract which increases our [annual recurring revenue] by a significant amount. As is the case with this contract, all material contracts in our pipeline are also recurring in nature.’ Current stock price: 7.90 pence 12-month change: down 72% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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