The Scottish company highlighted its financial achievements for the 12 months ending 30 June 2023, with revenues rising 22% to reach £22.4 million in the year ending June.

The underlying EBITDA witnessed a 33% hike, standing at £8.4m. Underlying profit before tax grew 13% from the previous year’s £2.06m to a current £2.33m.

Gordon McArthur, CEO, said: “With an established reputation and a track record of sustained growth, we are well-positioned to capitalise on the shift of the financial services sector to cloud computing and continue on our growth trajectory. The deals signed to date and our exit ACMRR mean the Board is confident in achieving results for FY24 in line with its expectations.

“We remain focused on converting our record pipeline of opportunities across our product offerings, and in particular the recently launched Exchange Cloud offering. The advanced nature of several of these discussions, including additional proof of concept implementations, provides confidence in our ability to provide growth acceleration in FY24.

“With high levels of contracted, recurring revenue, a unique proposition and growing international profile, we look to the future with continued confidence.”