Netcall lifts revenue 32 per cent
Netcall, the AIM-quoted Low-code and customer engagement software provider with operations in Hemel Hempstead and Bedford, hoisted revenues 32 per cent to £21.9 million for the year to June 30.
Low-code and Liberty Cloud service revenues increased organically by 25 per cent and 30 per cent, respectively.
Profit before tax fell to £45k from £1.68m year-on-year as a result of acquisition-related expenses following the purchase of MatsSoft Limited, a market leading Low-code software provider.
CEO Henrik Bang said Netcall has won new customers, both in the UK and internationally, directly and via new partners. It continues to invest in product innovation, resulting in the release of Liberty version 4 and MATS version 10 solutions.
The CEO said: “We are delighted to report on a significant year for Netcall. The acquisition of MatsSoft, the market leading Low-code software provider, has broadened our proposition and expanded the addressable market opportunity into a high growth sector.
“The acquisition and revenue growth in the existing business has led to a strong group performance with revenue 32 per cent higher at £21.9m and adjusted EBITDA 21 per cent higher at £5.42m.
“As we enter the new financial year we do so with increased confidence in the growth prospects for Netcall. We believe that our Liberty customer engagement platform together with our Low-code platform provides an attractive proposition to help organisations transform their customer engagement and implement their digital transformation strategies.
“The scale of the potential opportunity can be seen in the size of the recently announced multi-million pound Low-code contract wins and the significant increase in our Annualised Cloud Revenue.
“We are a cash-generative business with an extensive customer base and significant growth opportunity ahead of us. Our high levels of revenue visibility and sales pipeline give the board confidence in the enhanced prospects for the group, for this year and beyond.”