Eckoh Technologies Share News (ECK)

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Order levels balloon in first half for Eckoh

Thu, 06th Oct 2022 12:58

(Sharecast News) - Customer engagement security firm Eckoh updated the market on its first-half order levels on Thursday, which were expected to top £17m.

The AIM-traded company said that would be more than 50% higher than last year, and in line with its expectations for the six months period, and its previous guidance.

It said the strong momentum was particularly driven by renewed activity in the United States.

"This reflects good progress in-line with Eckoh's strategy to pursue major opportunities for large blue-chip organisations, cross-sell from a broader product suite and continue the trend towards cloud adoption and more international mandates," the board said in its statement.

"Eckoh is increasingly focusing on attractive sectors which are suited to its model, technology, and product suite.

"Eckoh's order book strength supports the group's expectations of significant revenue and profit growth in the 2023 financial year."

At 1212 BST, shares in Eckoh were up 2.38% at 43p.

Reporting by Josh White at Sharecast.com.