(Alliance News) - Cerillion PLC said Monday annual performance is expected to be in line with market expectations, with a rise in earnings and revenue due to a particularly strong second half.
For the year to the end of September, Cerillion - which provides software that manages customer relationships - expects to report earnings before interest, taxes, depreciation and amortisation of GBP4.5 million, up 14% from GBP3.9 million the year before.
Revenue for the year is set to grow by 8% to GBP18.7 million from GBP17.4 million the prior year, while Cerillion's net cash position as at September 30 is expected to stand at GBP5.0 million, up from GBP2.5 million the year before.
The group said that its trading performance has been weighted towards the second half due to the contract closures. During the period, Cerillion signed three major contracts, all of which are considered larger deal sizes.
Over the year, the group secured new contracts from its key international geographies, such as Europe, the Americas and Asia-Pacific.
Cerillion will announce its annual results on November 25.
Shares in Cerillion - which is headquartered in London, were down 1.9% at 185.00 pence on Monday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Cerillion (CER)