5th Oct 2022 14:03
(Alliance News) - Netcall PLC on Wednesday said it is profiting from momentum for its Cloud solutions business.
Netcall is a Bedford-based customer engagement software provider.
Pretax profit in the financial year that ended June 30 rose to GBP2.3 million from GBP985,000 a year prior. Revenue climbed 12% to GBP30.5 million from GBP27.2 million. Cloud services revenue increased 12% to GBP10.7 million from GBP8.3 million.
The firm declared a final dividend of 0.54 pence per share, up 46% from 0.37p.
Looking ahead, the firm noted its order book as of June 30 has increased 64% to GBP54 million from GBP33 million a year ago.
"Netcall has a significant and growing market opportunity as organisations increasingly implement digital strategies and business models. The market relevance and potential of our solutions are illustrated by the increasing growth rates and was further demonstrated by the important USD19 million global contract win announced in June 2022 which resulted in a material upgrade to the company's financial year 2023 expectations," Chief Executive Henrik Bang stated.
In June, Netcall said it will provide its Liberty platform to an unnamed S&P 500-listed "international financial services firm with operations spanning 120 countries" under the USD19 million contract.
Netcall shares were 4.3% higher at 82.89 pence each in London on Wednesday afternoon.
By Tom Budszus; [email protected]
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