Business
Contract & Notice of Results
Contract & Notice of Results.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6742U\n Dillistone Group PLC\n 30 March 2023\n \n \n \n \n \n \n Dillistone Group Plc\n \n \n \n (\"Dillistone\", the \"Company\" or the \"Group\")\n \n \n \n Contract win and notice of results\n \n \n \n \n \n \n Dillistone Group Plc, the AIM quoted supplier of software and services for recruiters, is delighted to announce a potentially significant contract win with a leading UK based recruitment organisation and notice of its upcoming results announcement.\n \n \n \n Contract Win: \n \n \n \n The Group today announces a contract win with a well-known leading UK based contingency recruiter. The contract includes a significant amount of tailored development work which will determine the final value of the contract. The sum total of this development work and the ongoing licence revenue is expected by the Board to result in the contract being the largest won since the restructuring of the Group in January 2020.\n \n \n It is expected that a significant part of the non-recurring revenues will be realised over the course of the current year with the implementation for the first group of users completing in Q4 2023. As a result, recurring revenue is expected to be meaningfully impacted from 2024 onwards.\n \n \n \n Notice of Results:\n \n \n \n Dillistone expects to release final results for the 12 months to 31 December 2022 on Tuesday 25 April 2023. Jason Starr, Chief Executive, and Ian Mackin, Finance Director, will hold an investor presentation to cover the results and prospects at 3pm on Tuesday 25 April 2023.\n \n \n \n Commenting on the contract award, Jason Starr, Chief Executive of Dillistone, said:\n \n \n \n \"We are delighted to have been selected for this project following a highly competitive evaluation of various products in our market. While our Group has an existing relationship with this firm, the contract sees the client standardise on our Infinity product across all of its businesses, displacing competitors. The client is also likely to take additional products from the Group once live.\"\n \n \n Investor presentation:\n 3pm on Tuesday 25 April 2023\n \n \n The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet Dillistone Group Plc via the following link\n \n https://www.invest...