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124.00 -3.00 (-2.36%)

Bid:

123.00

Ask:

125.00

Spread: 2.00 (1.626%)

Market Cap: £211.54m

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Netcall Expects Full-Year Results In Line With Expectations

Mon, 21st Jul 2014 07:51

LONDON (Alliance News) - Netcall PLC said Monday that it has performed well in its second-half, with the board anticipating that its full-year trading results will be comfortably in line with market expectations.

In a trading update for the year to June 30, 2014, the customer engagement software provider said it has seen strong demand for its Liberty Customer Engagement platform, with double digit percentage growth in orders from existing and new customers.

Netcall said it maintained a strong cash position and a debt free balance sheet during the year; as of June 30 the group's net cash balance had increased to GBP11.4 million, compared to GBP10.0 million as of December 31, 2013.

"During the year the sales pipeline continued to grow and we further invested in enhancing our blended SaaS and premise-based Liberty product suite. Together with our strong balance sheet and broad customer base this positions Netcall well for the future," said CEO Henrik Bang.

Shares in Netcall were trading marginally higher shortly after the market open Monday, up 0.33% at 53.69 pence per share.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance