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
26th Jun 201510:02 amRNSForm 8.5 (EPT/RI) - Eckoh Plc
25th Jun 201512:43 pmRNSForm 8.3 - Eckoh Plc
25th Jun 20157:00 amRNSNew Capita Framework Agreement & Contract Win
25th Jun 20157:00 amRNSPossible Recommended Offer for Netcall
25th Jun 20157:00 amRNSFull year results for the year ended 31 March 2015
1st Jun 20157:00 amRNSNotification of Preliminary Results
27th Apr 20157:00 amRNSTrading Update
23rd Apr 20154:30 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
31st Mar 20157:00 amRNSContract Wins and Renewals Update
23rd Jan 20157:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
12th Jan 20157:00 amRNSAdditional Transport for London Contract Win
24th Dec 201411:13 amRNSDirector share dealings
23rd Dec 20141:48 pmRNSCompletion of purchase of head office freehold
16th Dec 20145:47 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
15th Dec 20144:23 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
24th Nov 20147:00 amRNSInterim Results
31st Oct 20147:00 amRNSNotification of Interim Results
14th Oct 20147:00 amRNSUS Update
29th Sep 20144:57 pmRNSAnnual Report and Accounts
29th Sep 20142:57 pmRNSIssue of Equity
3rd Sep 20143:00 pmRNSNOTIFICATION OF MAJOR INTEREST IN SHARES
26th Aug 20147:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
18th Aug 20147:00 amRNSAmendment of Veritape Deferred Consideration
13th Aug 201412:56 pmRNSResult of AGM
13th Aug 20147:00 amRNSAGM Trading and Business Update
11th Aug 20147:00 amRNSContract Win
25th Jul 20147:00 amRNSPurchase of head office freehold
18th Jun 20142:03 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
12th Jun 201411:17 amRNSDividend Update
10th Jun 20147:00 amRNSPatent granted for CallGuard payments technology
10th Jun 20147:00 amRNSFull year results
9th Jun 20147:00 amRNSSignificant US Partnership Agreement
28th May 20143:41 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1st May 20147:00 amRNSTrading Update
27th Mar 20147:00 amRNSEckoh secures three new Payment Contracts
18th Mar 20143:34 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
17th Mar 20143:22 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Mar 20145:50 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Mar 20145:44 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
28th Jan 20149:56 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
24th Jan 20143:05 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
24th Jan 20141:24 pmRNSDirector share dealings
20th Jan 20147:00 amRNSContract wins and renewals update
17th Dec 20139:30 amRNSDirector share dealings
19th Nov 20137:00 amRNSInterim Results
11th Nov 20133:54 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
4th Nov 20137:00 amRNSMaterial contract win
22nd Oct 201312:26 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
15th Oct 20137:00 amRNSNotification of Interim Results
23rd Sep 20134:43 pmRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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.