22nd Apr 2024 10:47
(Alliance News) - Cerillion PLC on Monday said it has set "new highs" in the first half of its financial year, with revenue jumping 10% annually.
Cerillion is a London-based billing, charging and customer relationship management software solutions provider.
In the six months ended March 31, Cerillion said it expects to set "new highs" for revenue and adjusted earnings before interest, tax, depreciation and amortisation.
Revenue is expected to be about GBP22.5 million, up from GBP20.5 million a year ago, with adjusted Ebitda of GBP10.9 million, up from GBP9.9 million, both 10% higher year-on-year.
"The first half performance reflects ongoing strong demand from customers and the trading backdrop remains favourable. Telco digital transformation, the transition to Software-as-a-Service solutions and investment in enterprise software to achieve revenue and efficiency gains remain key features of the market, and consequently the Company's sales pipeline is strong. It includes a number of substantial potential new contracts, which are at various stages of the negotiation process," Cerillion said.
Looking ahead, the company said it remains "well-placed" to meet market expectations for the current financial year.
It expects to announce interim results on May 31.
Shares in Cerillion were down 2.8% to 1,452.50 pence each in London on Monday morning.
By Sophie Rose, Alliance News senior reporter
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