Cerillion plc, the billing, charging and customer relationship management software solutions provider, presents its annual results for the 12 months ended 30 September 2019.
Highlights
Financial:
· | All key financial performance measures reached record highs | |
· | Revenue1 rose by 8% to £18.8 m (2018: £17.4m) | |
– | recurring revenue2 contributed £5.1m (2018: £5.0m), 27% of total revenue | |
– | at the year end, on an annualised basis, recurring revenue was up 17% year-on-year to £5.0m (2018: £4.3m) | |
· | New orders rose by 78% to £23.3m (2018: £13.0m) | |
– | strong second half weighting to major contract signings | |
· | Back-order book3 increased by 69% to £22.0m at the year-end (2018: £13.0m) | |
· | Adjusted EBITDA4 increased by 16% to £4.6m (2018: £3.9m) | |
· | adjusted EBITDA margin rose to 24.3% (2018: 22.7%) | |
· | Profit before tax up by 36.0% to £2.4m (2018: £1.8m) | |
· | Adjusted profit before tax5 up by 12% to £3.5m (2018: £3.1m) | |
· | Adjusted earnings per share6 increased by 3.3% to 11.3p (2018: 10.9p) | |
· | Proposed final dividend of 3.3p per share, bringing the total dividend for the year to 4.9p per share (2018: 4.5p), an increase of 9% | |
· | Net cash doubled to £5.0m (2018: £2.5m) | |
Operational:
· | Four major new enterprise customers were signed, with contract values ranging from £3.7m to £5.3m, reflecting the continuing trend towards winning larger contracts with larger customers | |
– | three of the four major new contracts were signed in H2 | |
· | A further major new contract worth £2.9m was signed in the first quarter of the new financial year | |
· | Strong pipeline of new business opportunities | |
· | The Board believes that Cerillion remains well-positioned for further progress over the new financial year | |
Louis Hall, CEO of Cerillion, commented:
“Cerillion has delivered a strong performance with revenue, pre-tax profits and new orders all achieving record highs. The four major new customer wins continued a trend towards larger deal sizes with larger customers and stand us in good stead for further new wins. Three of the four were signed in the second half, increasing our back-order book to a new high. With a further major new win secured in October, we start the new financial year with greater revenue visibility than at the beginning of any previous financial year.”
“Industry trends in our core telecoms market mean that demand for our solutions remains strong and with recent sales success, a strong new customer pipeline, the ability to rollout new and enhanced product modules, and ongoing recognition by industry analysts, the Company is very well placed for continued progress.”
cerillion