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Cerillion PLC on Monday celebrated a robust back-order book as it anticipates its annual profit will comfortably beat the market consensus. The London-based billing, charging and customer relationship management software solutions provider expects annual profit to be ‘comfortably ahead’ of consensus, and the company said its total new orders spiked to a best-ever level. Cerillion said it traded well in the second half of the year to September 30. Revenue of £43.8 million is expected for the full year, up 12% from £39.2 million a year ago. Adjusted pretax profit is to be ‘comfortably ahead of the consensus market forecast’ of £17.9 million, an improvement from £16.8 million the year prior. ‘Total new orders signed in the year were significantly greater than in any previous year, reflecting new customer wins as well as the growing value of the installed base,’ Cerillion said. ‘The company has entered the new financial year with a robust back-order book and a strong sales pipeline, which includes some large opportunities. The board continues to view growth prospects very positively.’ Cerillion aims to release full-year results in late November. Cerillion shares rose 3.8% to 1,795.00 pence each on Monday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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