Last checked at 24 Oct 2016 07:00
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Trading Update
Cerillion plc, the billing, charging and customer relationship management software solutions provider, is pleased to provide a trading update for the financial year to 30 September 2016.
Results for the full year are expected to be in line with market expectations after continuing encouraging progress in the second half. Revenues and EBITDA for the year are expected to show respective increases of 6% to £14.8m and 8% to £3.1m.
The performance in the second half was underpinned by Cerillion's strong back order book for its core enterprise billing and CRM platform, which included a major new win in the EMEA region, as announced on 11 July.
The Company is also pleased to note that it has been positioned in the "Visionaries" quadrant of Gartner's recently published Magic Quadrant for Integrated Revenue and Customer Management (IRCM) for CSPs (October 2016). Further information on this is provided in an RNS REACH announcement issued today.
Full year results are expected to be announced on 28 November, at which time a further update on current trading will be provided.
For further information please contact:
Cerillion plc Louis Hall, CEO Oliver Gilchrist, CFO |
| c/o KTZ Communications T: 020 3178 6378 |
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Shore Capital (Nomad and Broker) |
| T: 020 7408 4090 |
Bidhi Bhoma Toby Gibbs |
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KTZ Communications |
| T: 020 3178 6378 |
Katie Tzouliadis Viktoria Langley Emma Pearson |
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About the Gartner Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Cerillion
Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has 75 customer installations across 40 countries, principally serving the telecommunications market but also utilities and financial services.
The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located.