14th Oct 2014 07:26
LONDON (Alliance News) - Eckoh PLC saw its shares rise early Tuesday after it said had won a new contract in the US, and said the wider pipeline for its fledgling US business looks "extremely" promising and set to beat its initial expectations.
It added that it expects to report a significant increase in revenue and margin for the first half of its financial year, in line with market expectations.
In a statement, the secure payments and customer service products provider said US-based contact centre and software provider CRC had decided to deploy Eckoh's CallGuard product. It didn't give any financial details of the contract.
Eckoh has been building a US business, and said Tuesday it has built a significant sales pipeline after completing sales and product training with its exclusive US reseller in August, including "a number of multi-million dollar prospects". The reseller is a business process outsourcing company.
"Whilst our US business is still at an early stage of development, the initial signs are extremely promising and have the potential to exceed our initial expectations," the company said in a statement.
"The company therefore remains confident that the investment currently being undertaken in the US will result in significant profits for the group in the medium term," it added.
It will report its interim results for the six months to end-September on November 25.
Eckoh reported a 24% increase in first-half revenue to GBP5.1 million in its last financial year.
By Steve McGrath; [email protected]; @stevemcgrath1
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