Tribal Group plc announced a series of cloud contract wins, demonstrating further momentum against its cloud strategy and providing confidence in achieving the Group's growth aspirations. The Group also provides a trading update for the year ending 31 December 2022 and notice of its forthcoming interim results. Tribal reported that it has signed three further Cloud contracts for existing customers, University of Sunderland, Birmingham City University and University for the Creative Arts, to migrate their current Tribal Student Management Systems SITS:Vision to the Tribal:Cloud, providing an improved student experience and delivering operational efficiencies for the universities.

The contracts range from three to five years, with a combined total contract value of £5m, generating incremental annual recurring revenues of £0.9m as well as providing an adoption pathway to Tribal Edge, the Company's cloud native offerings. In addition, Tribal has signed a new five year SITS:Vision contract with the British University of Vietnam with a total contract value of £1.7m and £0.2m incremental annual recurring revenues.