4Global wins 'significant contract extension' with Peruvian government

16th Oct 2024 09:50

(Sharecast News) - Data and technology business 4Global said on Wednesday that it has struck a "significant contract extension" with an international customer.

4Global said it has inked a two-year extension of its framework contract with the Peruvian government to mid-2027, with the value of the new agreement being "significantly higher" than the original, signed in 2021.

The AIM-listed group said the contract extension was consistent with its strategic priority of increasing customer lifetime value and further demonstrated the demand for and efficacy of its offering internationally.

4Global added that expectations for the outturn for the company's current financial year remained unchanged.

As of 0950 BST, 4Global shares were up 2.58% at 47.70p.

Reporting by Iain Gilbert at Sharecast.com