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Netcall PLC on Friday said it has signed a $19 million contract for its Liberty platform, and it now expects profit annual profit to be ‘significantly’ ahead of forecasts.
Shares in the Bedford-based customer engagement software provider were up 29% to 84.00 pence each in London on Friday morning.
Netcall said it will provide its Liberty platform to the customer, which is an unnamed S&P 500-listed ‘international financial services firm with operations spanning 120 countries.’
The customer has selected to use Liberty Create and Liberty RPA.
Netcall added that the financial services firm will use the platform ‘to build and deploy powerful business applications across its global operations, with a view to delivering better outcomes for customers and other stakeholders.’
The revenue generated for the initial three-year cloud subscription period is $19 million.
The board now anticipates that adjusted earnings before income, tax, depreciation and amortisation
for the financial year ending June 2023 to be ‘significantly’ ahead of its previous expectations.
Chief Executive Henrik Bang said: ‘This landmark contract demonstrates the quality of the Liberty platform and its ability to support the world's largest companies in their digital transformation efforts.
‘As well as providing a significant increase in revenue and profits to the group, the contract further strengthens Netcall's presence in the financial services industry, marking another step forward in the evolution of the company,’ Bang added.
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