REG - Netcall PLC - Trading Update and Notice of Results

NetcallAnnouncement

19/07/2021 07:05

RNS Number : 5763F
  
Netcall PLC
  
19 July 2021
  
 

 
19 July 2021
 
NETCALL PLC
("Netcall", the "Company" or the "Group")
 
Trading Update and Notice of Results
Strong growth in profitability driven by uptake of cloud services
 
Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, today announces its trading update for the year ended 30 June 2021.
 
The Board anticipates full year results to be in line with market expectations, which were updated at the interim results, with revenue growth of approximately 8% to £27.2m (FY20: £25.1m) and adjusted EBITDA growth of approximately 20% to £5.3m (FY20: £4.4m).
 
Cloud services annual contract value ('ACV')(1) increased 25% to £9.4m (FY20: £7.5m), and now represents more than half of total ACV which increased 10% to £18.5m (FY20: £16.8m).
 
The Group's cash position at 30 June 2021 was £14.5m (31 December 2020: £12.9m). The normalised cash position increased to £13.1m (31 December 2020: £10.7m), excluding deferred VAT, which exceeds borrowings of £6.9m (31 December 2020: £6.8m). 
 
The Group intends to announce audited results for the year ended 30 June 2021 on 6 October 2021.
 
Henrik Bang, CEO of Netcall, commented:  
"Netcall delivered another strong performance with increased uptake of our Liberty platform and I am pleased to report good growth in both revenue and profitability.  
"Sales momentum was particularly robust for our cloud solutions which experienced good demand across our key markets. As a result, Cloud recurring revenue exited the period as the Group's biggest revenue stream growing 26% during the year. 
"We enter the new year with a strong pipeline and a substantial market opportunity, supported by an extensive customer base and expanding product offering. This, combined with a healthy balance sheet and high levels of recurring revenue, provide the Board with confidence in the Group's continued success." 
1   ACV, as of a given date, is the total of the value of each cloud and support contract divided by the total number of years of the contract.
For further enquiries, please contact:
 



Netcall plc


Tel. +44 (0) 330 333 6100




Henrik Bang, CEO








Michael Jackson, Chairman








James Ormondroyd, Group Finance Director
 








Canaccord Genuity Limited (Nominated Adviser and Broker)


Tel. +44 (0) 20 7523 8000




Simon Bridges / Andrew Potts
 








Alma PR


Tel. +44 (0) 20 3405 0205




Caroline Forde / Hilary Buchanan / Robyn Fisher







 
 
About Netcall
Netcall's Liberty software platform with Intelligent Automation and Customer Engagement solutions helps organisations transform their businesses faster and more efficiently, empowering them to create a leaner, more customer-centric organisation.  
 
Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts and leading corporates such as Legal and General, Lloyds Banking Group, ITV and Nationwide Building Society.
 
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.
 

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