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Netcall PLC - Bedford, England-based customer engagement software provider - Provides trading update for year ended June 30. Expects revenue to rise 9% to £39.1 million from £36.0 million last year with Cloud revenue up 19% from £16.6 million in prior year. Expects cloud annual contract value to grow 23% to £22.3 million from £18.1 million and total annual contract value to grow 15% to £32.2 million from £27.9 million. Predicts earnings before interest, taxes, depreciation, and amortization to rise 5% to £8.4 million from £8.0 million last year. Notes investments in cloud and artificial intelligence capabilities for its Liberty platform. Cash position at June 30 up 37% £34.0 million from £24.8 million last year. Chief Executive James Ormondroyd says: ‘This year has been another period of strong trading for the Group. The increasing demand for our Cloud offerings has resulted in double-digit growth in both underlying revenues and ACV. Our growing base of subscription revenues and strong cash generation enable us to continue driving growth through innovation, with several new developments in our product roadmap.’ Current share price: 94.32 pence 12-month change: down 12% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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