PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, is pleased to provide the following update ahead of the Company's Annual General Meeting to be held at 11.00 a.m. today.
PCI Pal's growth, highlighted by the Final Results on 6 September 2022, has continued into FY23 in line with management expectations. Revenue for Q1 is 29% up on the equivalent prior-year period, with a strong pipeline of opportunities in front of it. As a result, the Board is pleased with the Group's performance and trading is in line with expectations for the year ending 30 June 2023.
In addition to this continued strong financial performance, the Group's product roadmap progress year to date has included the launch of its open banking payment offering, the first of its type in the business communications space. And with further payment products to be launched across the year, adding to PCI Pal's existing, market-leading, cloud-based solutions, the Board continues to be confident in the prospects for the Group.
For further information, please contact:
Via Walbrook PR
James Barham - Chief Executive Officer
William Good - Chief Financial Officer
finnCap (Nominated Adviser and Broker)
+44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate Finance)
Sunila De Silva (Corporate Broking)
+44 (0) 20 7933 8780
Tom Cooper/Paul Vann
+44 (0) 797 122 1972
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.
The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.