NOR 0.00% 4.6¢ norwood systems limited

Ann: Quarterly Activities and Cashflow Report, page-3

  1. 3,176 Posts.
    lightbulb Created with Sketch. 1296
    This sounds promising..

    The Company has been working closely with one large (40,000+ employees) Australian Financial Services firm’s IT organisation to prove out the economic model (having already passed client technical bench-tests of the VBMS service) in preparation for a broad roll-out to their workforce. When deployed, this project alone would drive an income of several million dollars per annum to Norwood, at high SaaS-type margins, thereby creating a robust reference case study for Norwood’s BYOD deployment model.
    Norwood has a significant number of prospects in its sales pipeline for this service, with most attention internally being focused on getting this first major customer for the VMBS service over the line.

    That sounds like a big 4 bank...
    If you google the big 4 number of employees, approx 2015 numbers..
    ANZ 50,000
    CBA 45,000
    NAB 35,000
    WBC 32,500

    CBA!?!?!??!?
    I would have been guessing Westpac the first big bank (businesses of tomorrow award, etc)
    CBA?

    Let's hope it's soon.. got to be this quart.
    NORvember, multi million dollar deal, with upfront $

    Happy Xmas

    *Billy.. not quite the $1.5m you need to get back in, so stick to your word, stay out
    Last edited by Holla: 31/10/17
 
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