By Shares of Windward, the London-listed maritime artificial intelligence company, saw a significant rise following news of contract wins and renewals that have propelled the company’s strong second-half start. Currently trading at 72.50 pence per share, the stock has experienced a notable increase of 16% or 10 pence since 7:51 AM GMT.
In an exciting development, Windward announced that it successfully secured two additional U.S. government customers, further solidifying its presence in the market. Impressively, the company also reported zero customer churn, highlighting its ability to maintain its valued clientele.
Additionally, Windward revealed that it recently secured four new contracts globally, demonstrating its expanding reach and influence. Furthermore, a contract with the Nigerian government was renewed, adding a remarkable $1 million in annual contract value over the next three years.
Chief Executive Ami Daniel expressed confidence in the company’s future prospects, stating, “Having built a robust, global software as a service business, an international sales team, and a growing, blue-chip customer base, we are confident in maintaining momentum into 4Q, trading comfortably in line with 2023 market expectations.”
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