Netcall Share News (NET)

(Sharecast News) - Low-code and customer engagement software provider Netcall told shareholders on Thursday that so far this year, it had traded ahead of the same four-month period last year, and in line with management expectations.
The AIM-traded company, which was holding its annual general meeting, said it had seen increased order inflows for both low-code and customer engagement solutions, including new wins in the insurance, retail and public sector markets.

Chairman Michael Jackson said the group's pipeline was "healthy", adding that it was continuing to show growth, driven predominantly by cloud-based opportunities.

"The board is mindful of the current political and economic backdrop and notes that this may have an effect on customer decision making and it continues to monitor the timing of its larger enterprise and product sale contracts," he told the meeting.

Group cash at 31 October was £6.6m, after the final payment of £1.7m to the former shareholders of MatsSoft acquired in 2017, offsetting debt of £6.6m.

"Our high levels of recurring revenue provide a good forward visibility, which combined with our solid balance sheet and product strength give the board confidence in the ongoing success of Netcall," Jackson added.

At 1558 GMT, shares in Netcall were up 8.11% at 24p.