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Institutional FX

Cloud Provider Beeks Sees 27% Revenue Increase in FY24

  • Cloud computing provider sees increase in recurring revenue amid expansion of services.
  • Results are expected “to be in line with consensus expectations.”
Monday, 22/07/2024 | 06:41 GMT by Damian Chmiel
Executives

Beeks Appoints Nasdaq Veteran with 15 Years of Experience

  • Zech Kottilil joins Beeks to drive financial technology innovation and enhance client support.
  • The appointment is an important "milestone" for the company, according to the CEO.
Wednesday, 20/03/2024 | 11:45 GMT by Damian Chmiel
FinTech

Beeks Turns Profits for H1 FY24 amid Solid Revenue Rise

  • The company's revenue for the six months increased 25 percent.
  • It now anticipates to end the year in line with expectations.
Tuesday, 05/03/2024 | 08:18 GMT by Arnab Shome
Institutional FX

Beeks Financial Cloud's Shares Jump 40% on New Deals, Upgraded Forecasts

  • Strong H1 results and contract wins boost Beeks' outlook.
  • In reaction, the company's shares reached the highest levels since the late-2022.
Tuesday, 06/02/2024 | 09:06 GMT by Damian Chmiel
Retail FX

News Nuggets | 14 November: eToro Adds 236 New Stocks; AlpFin Announces New Head of Sales

  • Also, Stocknet Institute introduced SI World; Travelex showed a financial uptick, and Zodia joined forces with Triple-A.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 14/11/2023 | 11:49 GMT by Damian Chmiel
Institutional FX

Beeks’ Revenue Soars to £23.8 Million, but Where Did the Profit Go?

  • The publicly-listed company announced a revenue increase of 22% in FY2023.
  • However, the net profit turned negative.
Monday, 02/10/2023 | 07:05 GMT by Damian Chmiel
Institutional FX

Beeks Financial Forecasts £23.8 Million Revenue in FY23, Secures JSE Deal

  • Beeks Financial announces over 20% growth in ACMRR for FY23.
  • The company also secured a new Exchange Cloud contract with Johannesburg Stock Exchange.
Wednesday, 06/09/2023 | 07:52 GMT by Damian Chmiel
Retail FX

News Nuggets | 16 May: Futu Exits China App Stores; Beeks' New Contract

  • Also, the new ATFX's country manager and Matrixport's partnership with Copper.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 16/05/2023 | 11:11 GMT by Finance Magnates Staff
Institutional FX

Beeks Group's H1 Losses Deepens amid Growing Costs

  • It ended the year with a pre-tax loss of £0.76 million.
  • Its revenue came in 35 percent higher.
Monday, 27/02/2023 | 09:42 GMT by Arnab Shome
Institutional FX

Beeks Sees “Record Trading Performance” in FY22, Partners with ICE

  • Its monthly recurring revenue increased by 40 percent.
  • It entered into a deal with ICE Global Network to provide Exchange Cloud services.
Monday, 12/09/2022 | 10:35 GMT by Arnab Shome
Institutional FX

Beeks Announces the Launch of Exchange Cloud

  • The launch will facilitate international financial exchanges and electronic communication networks.
  • Last year, Beeks introduced Proximity Cloud.
Monday, 13/06/2022 | 07:47 GMT by Bilal Jafar
Institutional FX

Beeks Financial Cloud Group’s Revenues Climb 46% in H1 FY22

  • Underlying gross profit increased 21% to £3.14 million.
  • The company launched Proximity Cloud in August 2021.
Monday, 21/03/2022 | 09:29 GMT by Bilal Jafar
Institutional FX

Beeks Financial Cloud Group Posts a 24% Jump in Annual Revenues

  • The company’s institutional revenue represented nearly 91% of the total revenue.
Monday, 27/09/2021 | 08:29 GMT by Bilal Jafar
News

Beeks Financial Cloud Group Launches Proximity Cloud

  • The Group provided a trading update for the year ended 30 June 2021.
Tuesday, 10/08/2021 | 09:55 GMT by Bilal Jafar
News

Beeks Financial Cloud Group Reports a Jump in Revenues

  • The revenues reached £5.29 million in the second half of 2020, which is a 24% jump compared to H1 of 2020.
Monday, 08/03/2021 | 08:02 GMT by Bilal Jafar
News

Beeks Collaborates with Singapore Exchange to Remove Trade Barriers

  • The Group announced a new co-location as a Service (CaaS) partnership to provide ultra-fast connectivity to SGX.
Friday, 27/11/2020 | 11:12 GMT by Bilal Jafar
News

Beeks Announces the Launch of Beeks Analytics as a Service

  • The new analytics service will help financial firms to consume powerful network monitoring as a cloud-hosted offering.
Thursday, 05/11/2020 | 10:05 GMT by Bilal Jafar
Execution

Beeks Expands Partnership with IPC to Deliver New Solutions

  • Beeks will be the foundational managed hosting infrastructure service provider of Connexus Infrastructure Services.
Wednesday, 23/09/2020 | 04:03 GMT by Celeste Skinner
News

Beeks Posts Solid Annual Growth, Revenue Jumped 27%

  • The firm’s acquisition of Velocimetrics has increased its Tier 1 client’s list.
Tuesday, 15/09/2020 | 07:00 GMT by Arnab Shome
FinTech

Beeks Expects to Announce Trading Results in Line with Forecasts

  • The company said that COVID-19 has had a relatively small impact on its overall trading.
Tuesday, 04/08/2020 | 07:15 GMT by Celeste Skinner
Execution

Beeks Acquires Velocimetrics Limited in £1.3 Million Deal

  • The acquisition expands the product offering of Beeks into network automation and trading analytics.
Wednesday, 15/04/2020 | 07:56 GMT by Celeste Skinner
News

Beeks Financial Cloud Reports Solid H2 2019, Revenues Up by 23%

  • Gross profit also managed to increase by 25 percent from H1 of 2019.
Monday, 02/03/2020 | 10:25 GMT by Celeste Skinner
News

Beeks Expands Global Footprint with Three New Data Centers

  • The company has its data centers in 15 locations around the globe.
Wednesday, 15/01/2020 | 11:00 GMT by Arnab Shome
Technology

Beeks Secures First Contract in Open Banking and Payments

  • The company has secured one contract worth $1 million and one £1.1 million contract over three years.
Friday, 20/12/2019 | 09:13 GMT by Celeste Skinner
Technology

Beeks CEO to Gain £2.2m From Share Sale

  • Gordon McArthur will sell 2,640,484 shares at 84 pence a piece
Tuesday, 15/10/2019 | 13:37 GMT by David Kimberley
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