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Eckoh PLC - London-based secure payment and customer contact products - Posts revenue of £38.8 million for the year ended on March 31, up 22% from £31.8 million the year before. Says the increase is driven by organic growth and the full year impact from the December 2021 acquisition of Syntec, which is specialised in secure payment solutions for contact centres. Pretax profit jumps to £5.0 million from £2.3 million, as basic earnings per share rises to 1.58 pence each from 0.59p the year before. Total annual recurring revenue increases by 18% to £30.4 million from £25.8 million the year before. Declares a final dividend of 0.74 pence per share, up 10% from 0.67p a year prior. Looking ahead, notes positive start to the year with total order value more than £7 million in the first two months. Says it is confident of further progress in the year ahead, supported by ‘an encouraging new business pipeline’. Chief Executive officer Nik Philpot says: ‘Our full year results clearly show our strategy is working. This performance is underpinned by the strategic progress we’ve made in developing a market-leading, cloud-first suite of solutions, and the successful integration of Syntec across our processes, products, and teams. We are particularly encouraged by the 34% organic ARR growth in North America, which underlines the scale of the market opportunity we see in that region.’ Current stock price: 39.70 pence each, up 4.5% on Wednesday morning in London 12-month change: up 1.8% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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