17th Apr 2023 11:34
(Alliance News) - Cerillion PLC on Monday said it achieved record revenue and profit in the first-half of its financial year.
The billing, charging and customer relationship management software solutions provider expects revenue of GBP20.5 million for the six months to March 31, up 27% year-on-year from GBP16.1 million.
It predicts adjusted earnings before interest, taxes, depreciation, and amortisation of GBP9.9 million, surging 38% from GBP7.2 million.
Both the revenue and adjusted Ebitda figures would be "new records".
Cerillion stated that this performance reflects continuing strength in demand for telecommunications services and investment in 5G and fibre rollout.
The company said: "Cerillion's sales pipeline remains strong and this, together with the record performance in the first half of the year, underpins the board's confidence that trading for the full year will be in line with consensus market forecasts."
Cerillion's board intends to announce interim results for the six months to March 31 in mid-May.
Cerillion primarily serves the telecommunications market, alongside other sectors such as financial services and utilities. The company is headquartered in London with operations in Pune, Sofia and Sydney.
Shares in Cerillion were up 1.3% in London on Monday morning at 1,215.00 pence.
By Emma Curzon, Alliance News reporter
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