Netcall Share News (NET)

(Sharecast News) - Automation and customer engagement software company Netcall reported a 12% improvement in revenue in its final results on Wednesday, to £30.5m.

The AIM-traded firm said its cloud services revenue was 30% firmer year-on-year for the 12 months ended 30 June, at £10.7m.

Total annual contract value rose 31% to £24.2m, and cloud services annual contract value jumped 60% to £15m.

The company said its adjusted EBITDA came in at £6.4m, up 20%, while profit before tax rocketed 130% to £2.3m.

Adjusted basic earnings per share were 44% higher than the prior year, at 2.15p.

Group cash at period end on 30 June totalled £17.6m, up 21% over the 12 months, while net funds were ahead 97% at £13.4m.

The board declared a final ordinary dividend of 0.54p per share, up 46% on the 0.37p distribution it made for the 2021 financial year.

"We are pleased with the strong performance achieving double digit organic growth in revenue and profitability combined with an accelerated growth rate of our annualised contract value, pointing to continued positive momentum," said chief executive officer Henrik Bang.

"Netcall has a significant and growing market opportunity as organisations increasingly implement digital strategies and business models.

"The market relevance and potential of our solutions are illustrated by the increasing growth rates and was further demonstrated by the important $19m global contract win announced in June, which resulted in a material upgrade to the company's 2023 expectations."

Bang said the company continued to invest in its business to ensure it remained "well-positioned" to take advantage of the market opportunity.

"The group's trading momentum, which has continued at the start of the new financial year, coupled with a growing order book and higher recurring revenues provide the board with confidence in the group's continued success."

At 1100 BST, shares in Netcall were up 1.89% at 81p.

Reporting by Josh White at Sharecast.com.