Netcall Share News (NET)

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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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Strong momentum continues through Netcall's first half

Thu, 08th Dec 2022 15:44

(Sharecast News) - Automation and customer engagement software specialist Netcall said in an update on Thursday that its "solid trading momentum" continued through the first half, in line with expectations.

The AIM-traded firm, which was holding its annual general meeting, said it was continuing to see increasing demand for its cloud solutions, leading to strong growth in revenue, recurring revenue and annual contract value, with a "significant increase" in new customer wins during the trading period.

Looking ahead, it said its pipeline of opportunities was growing.

"The company's 'Liberty' platform combines both intelligent automation and customer engagement solutions and supports a wide range of customers in their digital transformation strategies," the board told shareholders.

"The market opportunity remains significant, and the group's targeted product roadmap continues to provide new growth opportunities.

"This, together with the group's robust balance sheet and increasing recurring revenues, gives the board confidence in its sustained success."

At 1422 GMT, shares in Netcall were down 1.55% at 84.67p.

Reporting by Josh White for Sharecast.com.