18th Jul 2024 21:54
Netcall PLC - Bedford, England-based customer engagement software provider - Provides trading update for year ended June 30. Expects revenue to rise 9% to GBP39.1 million from GBP36.0 million last year with Cloud revenue up 19% from GBP16.6 million in prior year. Expects cloud annual contract value to grow 23% to GBP22.3 million from GBP18.1 million and total annual contract value to grow 15% to GBP32.2 million from GBP27.9 million. Predicts earnings before interest, taxes, depreciation, and amortization to rise 5% to GBP8.4 million from GBP8.0 million last year. Notes investments in cloud and artificial intelligence capabilities for its Liberty platform. Cash position at June 30 up 37% GBP34.0 million from GBP24.8 million last year.
Chief Executive James Ormondroyd says: "This year has been another period of strong trading for the Group. The increasing demand for our Cloud offerings has resulted in double-digit growth in both underlying revenues and ACV. Our growing base of subscription revenues and strong cash generation enable us to continue driving growth through innovation, with several new developments in our product roadmap."
Current share price: 94.32 pence
12-month change: down 12%
By Aidan Lane, Alliance News reporter
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