Swift Secures Key Contracts

Swift (ASX: SW1) has successfully secured AU$2.0 million through subscription renewals, network upgrades, and facility expansions, all set to be completed by the end of Q4 FY24. The agreements span 6 to 12 months and involve prominent clients like Pilbara Minerals, Shell, and AngloGold Ashanti among others, focusing on the mining and oil and gas sectors.

While these deals collectively are significant for Swift, none individually exceeds AU$1.0 million in revenue. CEO Brian Mangano emphasized Swift's commitment to fostering long-term relationships with its clients, highlighting that customer growth is a driving factor for Swift's increasing subscription revenue, a trend they anticipate will continue as they also aim to attract new customers.

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