14th May 2019 12:17
LONDON (Alliance News) - Eckoh PLC on Tuesday confirmed that trading in the year to the end of March was in line with market expectations, with revenue growth in both its UK and US divisions.
The stock was 5.9% higher in midday trade at 42.625 pence a share.
In the US, the Secure Payments order book has continued its strong momentum, Eckoh said, with new contract value growing by 47% to USD13.7 million in the twelve-month period. This reflects new wins in the healthcare, insurance, telecoms and retail sectors, and includes contracts to be delivered both on-site and in the cloud.
The provider of secure payment products said it had a strong year in the UK, with total contract value from new business and renewals more than doubling on the previous year.
"The group has an excellent sales pipeline and continues to see momentum with larger-scale opportunities at enterprise level in both divisions," Eckoh said in a statement Tuesday.
The company intends to publish its annual results on June 12.
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