25th Jan 2016 09:24
LONDON (Alliance News) - Software company Netcall PLC on Monday expressed confidence for a "positive outcome" for its full financial year, as it traded in line with expectations in its first half.
Netcall said that during the half year to end-December it had seen a strong order inflow, with an increasing share of its sales mix coming from software-as-a-service based contracts. It said this will increase revenue visibility by providing recurring revenue streams in future periods.
"We have seen strong demand for our Liberty product suite with significant sales order growth. In line with our strategy, an increasing share of new business is SaaS-based contracts, providing recurring revenue streams in future periods. This positive sales momentum, combined with our high levels of recurring revenue, means the board is confident in delivering a positive outcome to the year," said Chief Executive Officer Henrik Bang in a statement.
Netcall will report its interim results on February 23.
Shares in Netcall were down 4.1% at 47.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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