18th Nov 2024 12:17
(Alliance News) - Cerillion PLC on Monday said revenue and profit reached new heights and it raised its payout.
In the year ended September 30, the London-based billing, charging and customer relationship management software solutions provider reported a 12% increase in revenue to GBP43.8 million from GBP39.2 million the prior year, with existing customers generating 85% of this figure.
Pretax profit rose 22% to GBP19.7 million from GBP16.1 million, driven by a mix of significant customer wins, strong demand from existing customers and significant licence revenue.
Major customer wins throughout the period included an GBP10.3 million deal with Virgin Media Ireland inked in November last year and a GBP8.3 million contract signed with a leading provider of connectivity solutions in southern Africa in May this year.
The firm said its new customer sales pipeline also reached record levels, growing 8% to GBP262 million from GBP243 million the prior year, with total new orders also reaching new heights, up 21% to GBP38.1 million versus GBP31.6 million the year before.
Cerillion proposed a 15% on-year increase in its final dividend to 9.2 pence per share from 8.0p bringing its total dividend for the financial year up 17% to 13.2p from 11.3p.
Cerillion Chief Executive Officer Louis Hall said: "Revenue, pretax profit, and the new customer sales pipeline all reached new highs. Two major new customer wins in the year as well as orders from the existing customer base also helped to drive total new orders to a record level of GBP38.1 million.
"The company remains well-positioned to make further progress over the new financial year, with a healthy back-order book and strong new customer sales pipeline.
"We will continue to invest across the business, supported by our strong balance sheet, rising levels of recurring income and good cash flows. We view the future with confidence."
Cerillion shares were up 2.8% at 1,932.80p on Monday afternoon in London.
By Christopher Ward, Alliance News reporter
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