Stock Market News
Netcall sees 'significant' revenue, earnings growth
Callcentre software provider Netcall on Monday said first half trading was in line with management expectations, showing "significant" double-digit growth in both revenue and adjusted EBITDA.
This was a result of good underlying organic growth and a maiden contribution from MatsSoft, the cloud-based low code software company acquired by Netcall in August 2017, Netcall said. Shares in the company rose after the announcement.
"In particular, revenue from Netcall's cloud-based offerings show significant growth, in line with the board's strategy of capitalising on the rapidly growing SaaS market," it added.
"Netcall continues to experience good demand for its Liberty platform and is already seeing the benefit of the MatsSoft acquisition with the first cross sales into Netcall's customer base, as well as new customer acquisitions."
Chief executive Henrik Bang said: "We are seeing positive effects of the MatsSoft acquisition which is resulting in significant market interest and has delivered cross sales and new customer acquisitions. We also continue to capitalise on the rapidly growing cloud market. As a result, the Group's recurring revenue profile continues to build, which combined with a strong sales pipeline and a significant market opportunity, leaves the Board confident in a successful year as a whole."
This was a result of good underlying organic growth and a maiden contribution from MatsSoft, the cloud-based low code software company acquired by Netcall in August 2017, Netcall said. Shares in the company rose after the announcement.
"In particular, revenue from Netcall's cloud-based offerings show significant growth, in line with the board's strategy of capitalising on the rapidly growing SaaS market," it added.
"Netcall continues to experience good demand for its Liberty platform and is already seeing the benefit of the MatsSoft acquisition with the first cross sales into Netcall's customer base, as well as new customer acquisitions."
Chief executive Henrik Bang said: "We are seeing positive effects of the MatsSoft acquisition which is resulting in significant market interest and has delivered cross sales and new customer acquisitions. We also continue to capitalise on the rapidly growing cloud market. As a result, the Group's recurring revenue profile continues to build, which combined with a strong sales pipeline and a significant market opportunity, leaves the Board confident in a successful year as a whole."
Related share prices |
---|
Netcall (NET) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price