shares of ingenta rose 11 on thursday after the company said that it has won two contracts worth a combined 2 million pounds 25 million securing a significant portion of its new sales targets for this year the mediaandpublishing industry software and services provider said the two contracts are for its content distribution platform and are over a fiveyear period ingenta added that it remains confident in its outlook and expects to report earnings for the year in line with market forecasts it hasnt provided any figures however net profit for the year is forecast to be gbp16 million compared with gbp15 million in 2022 revenue is forecast to be gbp1080 million compared with gbp105 million both forecasts have been taken from factset and are based on estimates by cenkos securities the deals announced today show further progress in the groups drive to expand its business development activities and follow on from the previously reported media customer win for the groups commercial ip management product chief executive scott winner said shares at 0756 gmt were up 1050 pence at 10250 pence