Cerillion plc, the billing, charging and customer relationship management software solutions provider has announced another set of record financial results with revenues up 12% tp £43.8m of which recurring revenues were up 11% to £15.5m. Looking at the bottom line PBT up 18% to £19.8m. The board has increased the total dividend for the year by 17% to 11.3p, though the group remains in a strong cash position with £29.9m

Louis Hall, CEO of Cerillion plc, commented:

“Revenue, pre-tax profit, and the new customer sales pipeline all reached new highs. Two major new customer wins in the year as well as orders from the existing customer base also helped to drive total new orders to a record level of £38.1m.

“Trading conditions remain favourable for us. While total global telco capital investment may have slowed, investment in the enterprise software layer connecting telcos’ network infrastructure to their customers remains essential. This is because it enables telcos to monetise their network infrastructure assets, driving more revenue from their existing assets, and to improve operational efficiency and the customer experience.

“The Company remains well-positioned to make further progress over the new financial year, with a healthy back-order book and strong new customer sales pipeline. We will continue to invest across the business, supported by our strong balance sheet, rising levels of recurring income and good cash flows. We view the future with confidence.”

News in full

We interviewed CEO Louis Hall at the time of the Group’s Interim Results, who outlines the reasons behind the Group’s record results and why there is more to come