16th Jan 2020 11:42
(Alliance News) - Cloudcall Group PLC on Thursday named 2019 as an "outstanding year" amid double-digit growth in revenue and user numbers.
The AIM-listed communications software provider confirmed that revenue, cash and losses before tax are all expected to be broadly in-line with market expectations.
Cloudcall said its revenue for 2019 grew by 30% to GBP11.4 million, with the US continuing to perform particularly strong, helped by a larger customer.
The total number of users grew 35% to just over 42,300 year-on-year, the company said, representing average net new user growth of 917 per month over the year, a 41% increase from 2018.
The average recurring revenue per user remained constant during the year, Cloudcall said, at GBP28 per user per month.
"2019 has been another outstanding year for CloudCall," said Chief Executive Simon Cleaver. "We are entering 2020 with significant opportunities and a well-funded balance sheet that is strong enough to capitalise on those opportunities."
He added: "The board continues to be confident in the future outlook for the company."
Cloudcall shares were trading 1.0% higher in London on Thursday at 99.00 pence each.
By Evelina Grecenko; [email protected]
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