Cerillion shares rise as profit set to easily beat market consensus

(Alliance News) - Cerillion PLC on Monday celebrated a robust back-order book as it anticipates its annual profit will comfortably beat the market consensus.

The London-based billing, charging and customer relationship management software solutions provider expects annual profit to be "comfortably ahead" of consensus, and the company said its total new orders spiked to a best-ever level.

Cerillion said it traded well in the second half of the year to September 30. Revenue of GBP43.8 million is expected for the full year, up 12% from GBP39.2 million a year ago.

Adjusted pretax profit is to be "comfortably ahead of the consensus market forecast" of GBP17.9 million, an improvement from GBP16.8 million the year prior.

"Total new orders signed in the year were significantly greater than in any previous year, reflecting new customer wins as well as the growing value of the installed base," Cerillion said.

"The company has entered the new financial year with a robust back-order book and a strong sales pipeline, which includes some large opportunities. The board continues to view growth prospects very positively."

Cerillion aims to release full-year results in late November.

Cerillion shares rose 3.8% to 1,795.00 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

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