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(Correcting that expected date for the interim results is May 13.) Cerillion PLC on Monday said it has set ‘new highs’ in the first half of its financial year, with revenue jumping 10% annually. Cerillion is a London-based billing, charging and customer relationship management software solutions provider. In the six months ended March 31, Cerillion said it expects to set ‘new highs’ for revenue and adjusted earnings before interest, tax, depreciation and amortisation. Revenue is expected to be about £22.5 million, up from £20.5 million a year ago, with adjusted Ebitda of £10.9 million, up from £9.9 million, both 10% higher year-on-year. ‘The first half performance reflects ongoing strong demand from customers and the trading backdrop remains favourable. Telco digital transformation, the transition to Software-as-a-Service solutions and investment in enterprise software to achieve revenue and efficiency gains remain key features of the market, and consequently the company’s sales pipeline is strong. It includes a number of substantial potential new contracts, which are at various stages of the negotiation process,’ Cerillion said. Looking ahead, the company said it remains ‘well-placed’ to meet market expectations for the current financial year. It expects to announce interim results on May 13. Shares in Cerillion were up 0.1% to 1,472.00 pence each in London on Tuesday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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