Netcall reports solid progress
Hertfordshire-based Netcall plc, a leading customer engagement software provider, reported a significant rise in a mix of cloud services contracts in the year to June 30.
Its order book of contracted future minimum revenues increased by 13 per cent to £17 million. Recognised revenue was slightly down to £16.2m from£16.6m as a result of the company’s transition to a cloud revenue model. The operating profit increased fractionally to £1.62m from £1.61m.
CEO Henrik Bang (pictured) said: “We are pleased with progress in the year which was in line with our strategy of positioning the business towards the high-growth cloud market.
“Netcall has enjoyed a period of robust trading resulting in an eight per cent increase in annualised recurring revenue and a 13 per cent increase in our order book for contracted future minimum revenues.
“Furthermore, the investment we have made in the business has delivered significant progress against our technology roadmap, leaving the group better placed to sustain long-term financial performance.
“The acquisition of MatsSoft post-period end has added to our cloud business and has provided us with access to the fast-growing low-code market.
“Whilst only a month since the acquisition, early progress has been made and we remain excited by the synergies and prospects ahead.
“Netcall has started the new financial year with a considerably larger market opportunity, an advanced product offering, a resilient profitable business with high levels of revenue visibility and a growing pipeline of sales. This leaves us confident in the group’s continued growth prospects.”