Hansen Technologies (ASX:HSN) Secures A$50m Agreement with Virgin Media Limited
Contract Details
Hansen Technologies Ltd (ASX:HSN), a global provider of software and services, has secured a five-year agreement with Virgin Media Limited (VMO2) valued at approximately A$50m. Under the contract, Hansen’s Suite for Communications, Technology & Media will be licensed to VMO2 to deliver three platforms aimed at streamlining operations and reducing service delivery costs.
Financial Guidance
Hansen reaffirmed its full-year FY25 guidance, projecting revenue between A$398m and A$405m and underlying EBITDA of A$92m to A$101m. The company expects around A$15m of the VMO2 licence revenue to be recognised in the second half of FY25.
Executive Comments
Scott Weir, President of Communications & Media, stated, “This agreement highlights the confidence major industry players place in Hansen’s technology and expertise to deliver innovative and future-ready IT solutions.”
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