5th Mar 2019 11:53
LONDON (Alliance News) - Netcall PLC on Tuesday said interim profit rose 49% as revenue increased, with its "strong" sales momentum continuing into the second half.
Netcall shares were trading up 14% at 34.24 pence each on Tuesday.
For the six months ended December 31, the company - which provides customer engagement software - posted pretax profit of GBP415,000 compared to GBP278,000 a year ago.
Revenue rose 6% year-on-year to GBP11.4 million from GBP10.7 million.
"We are now approaching a clear inflexion point in our transition from a traditional software business to a high growth digital cloud operation, with our Cloud service bookings exceeding product sales," Chief Executive Officer Henrik Bang said.
"Trading is in line with our expectations for the year so far. We expect revenues for the year to be more weighted toward the second half given the move to a recurring revenue model and the timing of product sales. Our strong sales momentum has continued into the second half with order inflow significantly ahead compared with the same period last year."
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