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Pin to quick picksEckoh Technologies Regulatory News (ECK)

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Trading Update

23 Apr 2013 07:00

RNS Number : 9427C
Eckoh PLC
23 April 2013
 



For Immediate Release 23 April 2013

 

Eckoh plc

("Eckoh" or "the Company")

 

Trading Update

 

Eckoh plc (AIM: ECK), the UK's leading provider of speech recognition and associated payment solutions, provides a trading update for the 12 months ended 31 March 2013 ahead of its full year results to be announced on 11 June 2013.

 

The Company has seen a strong financial performance over the second half of the financial year and continues to experience significant demand for its products. The Company confirms that results for the year ended 31 March 2013 will be in line with market expectations.

 

The 2012/13 financial year has seen a high volume of new clients being secured with the client base growing from 39 clients to 50 during the period. A full year of revenue from these clients along with a very strong sales pipeline is anticipated to see the growth seen in recent years to continue into the periods ahead.

 

Eckoh maintains a strong balance sheet position with a cash balance of £8.5 million as at 31 March 2013 (£6.4m at 31 March 2012). This strong foundation underpins both our progressive dividend policy and the Company's on-going investment in Research and Development projects and new Sales and Marketing initiatives.

 

Against this background, the Board remain confident that the Company's future trading prospects remain strong and set to continue in the medium term. Therefore, and as a sign of confidence in the business, the board expects to recommend a final dividend of 0.25p, an increase of 25% on the previous year.

 

Nik Philpot, Chief Executive Officer of Eckoh, commented:

 

"Eckoh continues to experience significant sales momentum supported by our strong product pedigree and as we begin the new financial year we have developed our strongest ever sales pipeline. We are fast becoming the provider of choice for PCI DSS compliant payment solutions and this is underpinning our sales growth, coupled with the increased breadth of our indirect sales channels this will enable us to target more significant contracts going forward.

 

"The board continues to remain confident in the future growth prospects of the Company."

 

 

Enquiries:

 

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com Tel: 01442 458 300

 

Buchanan

Jeremy Garcia, Gabriella Clinkard Tel: 020 7466 5000

 

N+1 Singer

Shaun Dobson Tel: 020 7496 3000

 

Notes to Editors:

 

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading provider of speech recognition and payment solutions across voice, web and mobile channels. We are a PCI DSS Level One accredited Service Provider, currently processing over £250 million in card payments annually.

 

Eckoh's solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries. Eckoh is the largest provider of such hosted services in the UK.

 

Our secure and resilient infrastructure has the scalability to handle up to 8,000 calls simultaneously, which means that calls will always be answered no matter how unpredictable the circumstances.

 

For more information, visit: www.eckoh.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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23rd Jan 201811:05 amRNSHolding(s) in Company
19th Jan 20189:51 amRNSHolding(s) in Company
14th Dec 20178:30 amRNSDirectorate Change
4th Dec 20177:00 amRNSDirector, PDMR and Eckoh PLC & EBT Share Dealings
30th Nov 20177:00 amRNSDirectorate Change
24th Nov 20177:00 amRNSGrant of Awards under new PSP
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25th Jul 201711:10 amRNSIssue of Equity & PDMR Share Dealings
24th Jul 20179:45 amRNSIssue of Equity & PDMR Share Dealings
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28th Jun 20177:00 amRNSUS Teach-In
22nd Jun 20175:27 pmRNSDirector/PDMR Shareholding
22nd Jun 20172:28 pmRNSHolding(s) in Company
20th Jun 20174:35 pmRNSHolding(s) in Company
14th Jun 201712:00 pmRNSExercise of Options and Directors' Shareholdings
12th Jun 20177:00 amRNSFinal Results
8th Jun 20177:00 amRNSDirectorate Change

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