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(Alliance News) -Â Cerillion PLC on Monday hailed a "record" interim performance as orders surged, with the company boosting its payout by a fifth.
Shares in the London-based billing and customer relations management software firm were up 8.2% at 660.00 pence in London on Monday.
New orders amounted to GBP23.6 million in the half-year ended March 31, jumping from GBP9.5 million a year ago, which led to a 26% increase in revenue to GBP12.8 million from GBP10.2 million. Annualised recurring revenue rose 43% to GBP9.0 million.
Pretax profit more than doubled to GBP3.3 million from GBP1.2 million year-on-year.
The company boosted its interim payout by 20% to 2.10 pence from 1.75p a year ago.
"These record interim results, with all major performance measures moving to new highs, demonstrate Cerillion's continued upward momentum," said Chief Executive Louis Hall.
Cerillion said the new business pipeline was up 9% year-on-year at GBP130.8 million at the period end, leaving it "well-positioned" to deliver full-year targets.
Hall said: "Recent new contract wins have lifted our back order book to a new record level, and we therefore remain very confident of continuing revenue and earnings progression. The strong sales pipeline also provides further opportunities to accelerate Cerillion's growth."
By Lucy Heming;Â lucyheming@alliancenews.com
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