(Alliance News) - Billing and customer relations management software firm Cerillion PLC boosted its annual dividend Monday after profit and results hit record highs and orders were strong.
For the year ended September 30, pretax profit widened 33% to GBP2.4 million from GBP1.8 million the year prior. This was after revenue rose 8.0% to GBP18.8 million from GBP17.4 million the year before.
"Cerillion has delivered a strong performance with revenue, pretax profits and new orders all achieving record highs," Chief Executive Officer Louis Hall said. "The four major new customer wins continued a trend towards larger deal sizes with larger customers and stand us in good stead for further new wins."
"With a further major new win secured in October, we start the new financial year with greater revenue visibility than at the beginning of any previous financial year", Hall added.
Cerillion proposed a 3.3 pence per share final dividend, up 10% from 3.0p the year prior. For the full year, the dividend rose 23% to 4.9p from 4.0p the year before.
"Industry trends in our core telecoms market mean that demand for our solutions remains strong and with recent sales success, a strong new customer pipeline, the ability to rollout new and enhanced product modules, and ongoing recognition by industry analysts, the company is very well placed for continued progress," Hall continued.
Shares in London-based Cerillion were 5.4% higher at 196.00 pence in London on Monday.
By Ahren Lester; ahrenlester@alliancenews.com
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Cerillion (CER)