14th Apr 2025 10:10
(Alliance News) - Cerillion PLC on Monday said it expects to report lower earnings in the first half of its financial year due to delayed licence renewals, but it still expects to meet market expectations for the full year.
Cerillion is a London-based billing, charging and customer relationship management software solutions provider.
It expects to report revenue of GBP20.9 million in the six months to the end of March, down 7.1% from GBP22.5 million in the first half of the 2024 financial year.
The company said the lower revenue reflects the anticipated higher weighting of software licence renewals and extensions in the second half of the financial year, compared to financial 2024, when the majority of renewals and extension occurred in the first half.
Adjusted earnings before interest, tax, depreciation and amortisation is forecast at around GBP10.0 million for the first half, down 9.1% from GBP11.0 million a year ago.
Cerillion said its new-customer pipeline "remains very strong" and is "a little ahead" of 2024's record level.
Net cash was around GBP31.0 million at March 31, up 17% from GBP26.6 million a year ago.
"The company remains very well-placed to meet market expectations for the current financial year and beyond," Cerillion continued.
The firm said its performance was supported by a new contract win worth USD11.4 million in January and a term renewal agreed in March worth GBP5.4 million with "a major European customer".
Cerillion said a different "significant European customer" has recently confirmed it plans to use Cerillion's BSS/OSS software to support a recently acquired "substantial, tier-1 customer base" in its home market.
"The major migration programme is expected to benefit revenues in both the current and next financial year," Cerillion said.
Shares in Cerillion were down 2.6% to 1,266.50 pence in London on Monday morning.
By Michael Hennessey, Alliance News reporter
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