13th Oct 2020 15:59
Netcall PLC - Hemel Hempstead, Hertfordshire-based customer engagement software firm - Pretax profit for financial year ended June 30 falls a sharp 34% to GBP497,000 from GBP752,000. This fall comes "after accounting for acquisition related items and interest on borrowings taken out to fund the acquisition of MatsSoft in August 2017 and higher depreciation and amortisation of capitalised development." Revenue rises to GBP25.1 million from GBP22.9 million. Proposes final dividend of 0.25 pence per share, up 25% from 0.20p per share the year before.
Chief Executive Henrik Bang: "The new financial year has begun well, with the group trading strongly and ahead of last year in the first three months. Notwithstanding the positive start to the year and the group's significant recurring revenues, the board is mindful of the current economic uncertainty and the impact it may have on customers, which we continue to monitor closely. The acceleration of organisations' digital transformation initiatives represents a significant long-term opportunity for Netcall and provides the board with confidence in the future prospects of the group."
Announced separately the acquisition of Oakwood Technologies BV, a Belgium-based provider of AI powered robotic process automation software, for an initial cash consideration of EUR1.2 million plus earn-out consideration of up to EUR1.8 million.
Current stock price: 49.16p
Year-to-date change: up 27%
By Anna Farley; [email protected]
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