Some of the key take aways for me from the update to investors...

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Hawks77

177 Posts.

29/01/16

21:05

Post #: 16900556
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Originally posted by gavascarred ↑

My favourite bit:

Today, we have more than 50 enterprise customers in our Safe Share pipeline across a range of key verticals including finance, technology, insurance and government. Since being accepted into the highly coveted UK Government marketplace G-Cloud, the Government sector is shaping up to be a key vertical for us. Within the first months of being live, there are five major government departments looking at Safe Share as their preferred file sharing application. Covata’s security focus is distinctly unique to any potential competitors and is proving to be a major draw card for this particular sector. I expect the first result from the UK Government vertical to be delivered this quarter through tenders and submissions currently in progress.

Certainly holding from here, have over invested already otherwise would be buying here.

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Some of the key take aways for me from the update to investors today.

"Our pipeline going into 2016 has never been stronger and we expect record deal closures in the fiscal third quarter as our sales momentum accelerates".

"There are currently six trials at various stages underway with Telco’s in these regions and we are targeting one to close in each of LATAM and Asia this quarter".

"Q3 FY16 is about delivering Barmer, its about signing new substantial deals, both Government and Enterprise, and it’s about progressing our pipeline to close further deals in Q4 FY16".

So in summary we could expect a minimum of 2 announcement of enterprise deals (closed) from Latin America and Asia with the possibility of another Govt department sign up before the 31st of March....

Yea, that'll do for me..

CVT Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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