PCI PAL (GB:PCIP) has released an update.
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PCI-PAL PLC, a global cloud provider of secure payment solutions, reports a 20% revenue increase to £18.0 million for FY24, despite a £0.7 million deferral impacting expected profit, and announces a robust partner ecosystem growth, including a major contract with a U.S. business communications vendor. The company anticipates a stronger FY25 financial outlook due to the revenue deferral, a shift to positive free cash flow, and the successful resolution of patent litigation. PCI-PAL PLC exudes confidence in continued growth, supported by new product features, enterprise partnerships, and consistent new sales, and prepares to announce its final results in mid-September 2024.
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