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Secure payments provider Eckoh saw profits leap ahead in its last year trading year as a result of "pleasing" momentum at its US contact centre business.
ZPG: RBC Capital Markets downgrades to sector perform with a target price of 490p.
Secure payment products and customer contact solutions provider Eckoh updated the market on its trading for the year ended 31 March on Monday, reporting that the year ended in line with market expectations, with growth in revenues, margin and profit.
Secure payment and customer contact solutions provider Eckoh has secured a four-year contract to provide its secure payments solution 'CallGuard' to a US Fortune 250 retailer, it announced on Monday, along with a partnership with a global payments solutions company in the US.
AIM-listed Eckoh, a provider of secure payment products, has secured six "sizeable" UK contract wins across the payments, insurance, healthcare and mobile telecoms sectors, the latter being a contract with one of the UK's largest mobile network operators.
Eckoh said it was on track to meet expectations for the second half after its US business drove strong performance in the first six months of the year.
Eckoh, the global provider of secure payment products and customer contact solutions said it had received notification, from the US patent and Trademark Office, that two new 20-year patents will be granted to its contact centre security solution branch, CallGuard.
Secure payment product and consumer contact solutions provider Eckoh updated the market on its trading for the year to 31 March on Monday, confirming it was "comfortably" in line with market expectations, with revenue and margin growing by over 20% for the fourth year in succession.
Global provider of secure payment products and customer contact solutions, Eckoh, announced on Wednesday that it won a new $3.7m five-year contract to provide secure payment services to a large unnamed US telecommunications provider.
Secure payment provider Eckoh has won a four-year contract with its UK channel partner, Capita Customer Management, to provide its advanced call management technology to a mobile virtual network operator, for an undisclosed fee.
AIM-listed secure payment provider Eckoh appointed PayPoint's Chrissie Herbert as its new chief financial officer.
AIM-listed secure payment provider Eckoh won three US contracts worth $2.5m over the next few years, while it expects the revised market expectations for the year will be achieved.
Secure payment provider Eckoh bought Klick2Contact (K2C), an Omni-channel customer engagement service, for £2.35m in cash and shares.
Eckoh has won two US contracts, worth collectively around $7m spread across three years, while also extending its US distributor agreement with telecoms group West Corp.
Eckoh was celebrating on Monday, having won a new multi-year, multi-million pound global procurement contract with an existing client - a leading global financial services company - which it did not immediately name.
Eckoh has secured a major three-year contract with The Co-operative Group for its secure payment solution CallGuard.
Shares in customer service and payment software company Eckoh were up after the company announced several new international contract wins for its fraud detection products.
Technology group Eckoh swung to an annual pre-tax profit thanks to a sharp rise in revenue.
Payment services Eckoh said in Monday its full-year results will be in line with market expectations thanks to new contracts and renewals.