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Cerillion sees strong growth in earnings

Monday, 30th October 2017
Cerillion said it continued to perform well in the second half of the financial year and results for the full year were expected to be in line with market forecasts.

The billing, charging and customer relationship management software solutions provider, said revenues and EBITDA for the 12 months to the end of September were anticipated to show increases of 8.2% to £16.0m and 16.3% to £3.6m, respectively.

It said this performance reflected new customer implementations in EMEA and strong growth in software revenues with existing customers.

Looking forward, it said the pipeline of opportunities remained very encouraging.

Cerillion also announced that it had been recognised for the second consecutive year as a Visionary in Gartner's recently published report, 'Magic Quadrant for Integrated Revenue and Customer Management for CSPs'. Cerillion said this was the fourth consecutive year that it had been included in this annual report.

It added: 'We believe the position as a Visionary reflects the Company's growing reputation as one of the leading IRCM solution providers in the industry.'




Story provided by StockMarketWire.com

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