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Nearmap (ASX:NEA) share price on watch after upgrading guidance



The Nearmap Ltd (ASX: NEA) share price will be one to watch closely on Wednesday morning.

This follows the release of a positive announcement by the aerial imagery technology and location data company after the market close today.

What did Nearmap announce?

This afternoon Nearmap revealed that its strong performance in the first half has continued into the second half of FY 2021. As a result, the company is increasing its full year guidance for annual contract value (ACV).

According to the release, the company now expects to deliver ACV of $128 million to $132 million in FY 2021. This compares to its previous guidance of $120 million to $128…

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