Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEckoh Technologies Regulatory News (ECK)

  • This share is currently suspended. It was suspended at a price of 53.80
  • There is currently no data for ECK

Trading Update

23 Apr 2012 07:00

RNS Number : 8140B
Eckoh PLC
23 April 2012
 



For immediate release 23 April 2012

 

Eckoh plc

("Eckoh" or "the Company")

 

Trading Update and contract win

 

Eckoh, the UK's leading provider of speech recognition and associated payment solutions across voice, web and mobile channels, provides a trading update for the 12 months ended 31 March 2012 ahead of its full year results to be announced on 12 June 2012.

 

The Company continues to experience significant growth across its operations and is pleased to confirm that results for the year ended 31 March 2012 will be in line with market expectations.

 

This strong performance has been achieved against a background of further investment in our technology platform and the acquisition of key people for our business and will signify the fourth successive year of double digit revenue growth for Eckoh.

 

The Group has continued to expand the size of its VoiceXML speech recognition platform, while increasing office space by 50% and creating a new development team to deliver customer care mobile applications to complement our existing offering. This increased level of investment will remain in order to ensure that the high levels of demand for speech enabled services currently being experienced within the market continue to be maximised by the Group, and that our market leading position is maintained.

 

As highlighted in 2011, we are also establishing additional sales channels with a number of organisations from whom we are seeing an increased demand for our solutions from their customers. In particular this is being driven by the growing demand for our EckohPAY and EckohPROTECT payment solutions, as increasing pressure is being applied on organisations to process card payments in a manner that is compliant with the Payment Card Industry Data Security Standards (PCI DSS). As an example we have today announced a partnership with Azzurri which has delivered a 2 year contract with Essex County Council through which we will provide a range of automated customer care services.

 

Against this background, the Board remain confident in the Company's prospects and anticipate the trend of growth in recent years is set to continue. It remains the intention of the Board to pursue a progressive dividend policy with further details to be announced on the level of dividend as part of the full year result announcement.

 

Nik Philpot, Chief Executive Officer of Eckoh, said:

"It is with great satisfaction that we confirm Eckoh has delivered significant growth whilst investing in the long-term future of the business. With global brands such as Apple, Google and Microsoft continuing to popularise the use of speech recognition, the interest in our speech technology has never been higher.

 

"Equally, the interest in Eckoh's payment solutions which help organisations overcome the challenge of PCI DSS continues to accelerate and we are now selling these through a wider group of partners. We would expect the number of contracts from this area to increase in the current financial year and remain very confident in the future growth prospects of the Company."

 

 

Ends

 

Enquiries:

 

Eckoh plc

Nik Philpot, Chief Executive Officer

Adam Moloney, Group Finance Director

www.eckoh.com Tel: 01442 458 300

 

Singer Capital Markets

Shaun Dobson Tel: 020 3205 7500

 

Buchanan

Jeremy Garcia, Nicola Cronk, Gabriella Clinkard Tel: 020 7466 5000

 

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
 
 
MSCSEEFMEFESEEL
Date   Source Headline
2nd Jun 20167:00 amRNSTwo Significant US Contracts
2nd Jun 20167:00 amRNSUpdated Agreement with West Corporation
5th May 20167:00 amRNSTrading Update
18th Apr 20167:00 amRNSAppointment of Joint Broker
11th Apr 20167:00 amRNSExercise of options
31st Mar 20167:00 amRNSContract with Children's Healthcare of Atlanta
15th Mar 20165:08 pmRNSHolding(s) in Company
8th Mar 20167:00 amRNSIdeal Shopping Direct Contract Extended
4th Mar 20167:00 amRNSExercise of options
3rd Mar 20164:37 pmRNSNotification of Major Interest in Shares
2nd Mar 20164:43 pmRNSNotification of Major Interest in Shares
2nd Mar 20167:00 amRNSExercise of Options and Directors' Shareholdings
1st Mar 20163:45 pmRNSExercise of Options
18th Feb 201612:29 pmRNSDirector share dealings
15th Feb 20167:00 amRNSEckoh and West collaborate on 4-year Global Deal
20th Jan 20163:30 pmRNSContract Wins and Trading Update
7th Jan 20164:49 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
18th Dec 20154:44 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
24th Nov 20157:00 amRNSFive-year contract secured by PSS
18th Nov 20157:00 amRNSAcquisition of Product Support Solutions
18th Nov 20157:00 amRNSInterim Results
12th Nov 20157:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
11th Nov 20157:00 amRNSSecure Payments Contract Win
5th Nov 20157:00 amRNSUS Patent for CallGuard Payments Technology
4th Nov 201510:57 amRNSNotification of Interim Results
3rd Nov 20154:19 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
23rd Sep 201512:58 pmRNSResult of AGM
23rd Sep 20157:00 amRNSContract Win with the Co-operative Group
23rd Sep 20157:00 amRNSAGM Trading and Business Update
19th Aug 20157:00 amRNSPosting of Annual Report and Dividend Update
17th Aug 20157:00 amRNSInternational Secure Payment Contract Wins
20th Jul 201510:07 amRNSExercise of Options
7th Jul 20157:00 amRNSExercise of Options
3rd Jul 201511:35 amBUSForm 8.3 - Eckoh Plc
3rd Jul 20159:13 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
3rd Jul 20157:00 amRNSStmnt re Possible Recommended Offer for Netcall
2nd Jul 201511:48 amBUSForm 8.3 - Eckoh Plc
2nd Jul 201511:17 amRNSForm 8.3 - Eckoh PLC
2nd Jul 201510:26 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
2nd Jul 20157:00 amRNSExercise of Options
1st Jul 20153:13 pmRNSForm 8.5 (EPT/RI) - Eckoh Plc (Amendment)
1st Jul 201512:44 pmBUSForm 8.3 - Eckoh Plc
1st Jul 201510:54 amRNSForm 8.3 - Eckoh PLC
1st Jul 201510:41 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
30th Jun 201511:50 amRNSForm 8.3 - Eckoh PLC
30th Jun 20159:58 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
29th Jun 201510:55 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
26th Jun 20152:44 pmRNSForm 8.3 - Eckoh PLc
26th Jun 20152:27 pmRNSForm 8.3 - Eckoh PLC
26th Jun 201511:44 amBUSForm 8.3 - Eckoh

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.