Last checked at 26 Jan 2017 07:00
26 January 2017
NETCALL PLC
("Netcall", the "Company", or the "Group")
Trading Update and Notice of Results
Netcall plc (AIM: NET), a leading customer engagement software provider, is pleased to give an update on trading for the six month period ended 31 December 2016.
Group trading during the first half of the year was in line with management expectations.
Order inflow during the six month period was robust with an increasing proportion of new orders for multi-year, Software-as-a-Service (SaaS) contracts in line with the Group's strategy. These SaaS contracts continue to enhance the Group's revenue visibility by adding recurring revenue in future periods. As a result, the Group's order book and annualised recurring revenues continue to grow solidly. The healthy trading period is the result of increasing demand across healthcare and commercial sectors for the Group's customer engagement software platform, Liberty.
The Group maintains a strong financial position and a debt-free balance sheet. At 31 December 2016, the net cash balance had increased to £14.6m (30 June 2016: £14.1m) after the payment of an interim dividend of £1.3m in the period.
Henrik Bang, CEO of Netcall, commented:
"Netcall has had robust trading in the first half of the financial year, with a growing order book and annualised recurring revenues. Our stated strategy of investing in the Group's cloud capabilities to capitalise on the rapidly growing SaaS market opportunity is yielding positive early results, and we are pleased with the progress achieved during the period. With a healthy sales pipeline, high levels of revenue visibility and strong financial position, the Board is confident in the Group's prospects for the year as a whole."
Notice of Results
Netcall will be announcing interim results for the six-month period ended 31 December 2016 on 21 February 2017.
For further enquiries, please contact:
Netcall plc | Tel. +44 (0) 330 333 6100 |
Henrik Bang, CEO Michael Jackson, Chairman James Ormondroyd, Group Finance Director |
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finnCap Limited (Nominated Adviser and Broker) |
Tel. +44 (0) 20 7220 0500 |
Stuart Andrews / James Thompson, Corporate Finance |
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Tim Redfern, Corporate Broking |
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Alma PR |
Tel. +44 (0) 20 8004 4218 |
Caroline Forde / Hilary Buchanan / Robyn McConnachie |
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About Netcall plc
Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall's software product suite provides end-to-end customer engagement solutions, incorporating multi-channel contact centre, workforce optimisation, business process management and case management. The Netcall software platform helps organisations meet the growing demands of their customers and prospects whilst improving internal efficiencies, thereby increasing profitability and customer satisfaction.
Netcall's customer base comprises 700 organisations in both the private and public sectors. These include two thirds of the NHS Acute Health Trusts, major telecoms operators such as BT and leading organisations including Interflora, Lloyds Banking Group, Cineworld, Axa, and British Sugar. For further information, please consult the Netcall website: www.netcall.com.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.