Beeks Financial Cloud Group has reported a 57% rise in revenue from £11.62m to £18.29m year-on-year.
The cloud computing and connectivity provider's final results also showed gross profit up 49% from £5.33m in 2021 to £7.94m at 30 June 2022.
Underlying earnings before tax were up 52% from £4.14m to £6.31m, while underlying profit before tax rose 28% from £1.61m to £2.06m.
Net cash at the end of June stood at £7.86m, compared to £1.89m at the same point last year.
The statutory equivalents of the above results are as follows:
In April, the Glasgow-based fintech had an oversubscribed fundraising worth approximately £15m, followed by the launch of its Exchange Cloud product two months later; explicitly designed for global financial exchanges and electronic communication networks.
The group is currently in talks with a number of major exchanges across the globe, including proof of concept implementations.
Beeks' Proximity Cloud offering, launched in August 2021, now has contracts to date worth $5.2m since launch.
Alongside the annual results announcement, the group also confirmed a couple of three-year contracts, worth circa $2m in aggregate over three years, secured via a partner for deployments across Europe, the US, Asia and Middle East.
Beeks also moved to a new head office in February, with headcount rising to 89 by the end of the year.
Further expansion of data centre geographies was completed, with additional operations now based in Switzerland and the Netherlands.
Chief executive Gordon McArthur commented: "Beeks is now recognised as an established technology provider to financial markets, with a track record and compelling reference clients, providing us with a strong foundation to drive our business forward.
"The majority of financial services organisations around the world are exploring how to utilise the power of the cloud to support their ambitions - this presents us with a considerable opportunity and through our private cloud, proximity cloud and exchange cloud, we have the offering to address it.
"We will continue to invest into the development of our offering and increased sales and marketing activities to capitalise on our early successes in this significant market."
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