Concurrent Technologies (AIM:CNC) told investors it expects to report record first-half revenue of approximately £23.1m for the six months to 30 June, up from £21.1m a year earlier.
The AIM-listed designer and manufacturer of high-performance computer products and mission-critical systems said pre-tax profit rose to approximately £3.3m, from £2.7m in H1 FY25.
Order intake jumped 110% to £46.9m, up from £22.3m, boosted by a roughly £17m multi-year European order announced in June but still at record levels for any prior half-year even excluding that contract.
The Systems business won roughly $8m of orders and traded profitably, while the Products business saw softer first-quarter demand improve through the second quarter, adding revenue visibility for H2.
Design wins during the period carry a projected lifetime value of approximately £129m, and the Group is seeing increased conversion of design wins secured three to four years ago into production orders.
Concurrent's Colchester manufacturing expansion remains on track, with output capacity expected to roughly double from the third quarter, and the Group has secured supplier commitments covering forecast DRAM requirements through 2026 and into 2027.
"Delivering record first-half results reflects the continued strength of demand across our key markets and the successful execution of our growth strategy across both Products and Systems," said CEO Miles Adcock.
The group enters the second half with a $9.4m contract win announced post period-end, and the board believes it is well positioned to at least meet full-year market expectations of £53m revenue and £8m pre-tax profit.
