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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 £2.3 million from £985,000 a year prior. Revenue climbed 12% to £30.5 million from £27.2 million. Cloud services revenue increased 12% to £10.7 million from £8.3 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 £54 million from £33 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 $19 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 $19 million contract.
Netcall shares were 4.3% higher at 82.89 pence each in London on Wednesday afternoon.
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