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Cerillion hikes divi after strong FY growth

Monday, 27th November 2017
Billing, charging and customer relationship management software solutions provider Cerillion reports strong full year results reflecting buoyant software revenue growth.

Revenue for the 12 months to the end of September rose by 8.3% to £16.0m (annualised 2016: £14.8m) with recurring revenues up by 9.6% to £4.4m.

The back order book stood at £13.1m (2016: £9.3m) - up 40.8% - and EBITDA rose by 17.8% to £3.6m (annualised 2016: £3.1m).

Adjusted ore-tax profit was up 8.4% to £2.5m (annualised 2016: £2.3m).

The board has proposed a final dividend of 2.8p per share, bringing the total dividend for the year to 4.2p per share (2016: 3.9p) growth of 7.7%.

Chief executive Louis Hall said: 'I am pleased to present our second set of full year results as an AIM-quoted company.

'Cerillion has continued to make strong progress, and I am delighted not just with the substantial rise in software revenues, but also the progress we have made with margins, aided by licence extensions with existing customers.

'Cerillion continues to generate significant revenues from its existing customer base and we have additionally secured contracts with a number of major new customers. We believe the Company's inclusion in the "Visionaries" quadrant of the Gartner Magic Quadrant for Integrated Revenue and Customer Management for CSPs for the second year in a row is an indication of the quality of our offering and the importance we place on customer service.

'As we go into the 2018 financial year, we remain very positive about prospects for Cerillion's continuing progress, underpinned by a strong pipeline of prospects across EMEA, Asia Pacific and Americas.'

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