LONDON (ShareCast) - (Sharecast News) - Secure payments provider Eckoh said on Wednesday that it had traded in line with expectations for the full year, reflecting good revenue growth in both the UK and US.
Eckoh witnessed an "encouraging" level of new business contacts in its current trading year, winning several new secure payment contracts in the US, predominantly in the retail and healthcare sectors.

The AIM-listed group said new client wins underlined its "market-leading position" and also stated that its strong financial position left management confident of seeing further progress in the second half of the year.

Eckoh, which previously secured a three-year contract to provide its agent desktop product Coral to an unnamed Fortune 100 telecommunications company, said $2.1m of the $3.8m contract would be recognised in its first-half income statement.

As a result, while Eckoh expects revenue growth in both the first and second half, the first half was set to have a greater weighting in the current financial year.

As of 1000 BST, Eckoh shares had inched ahead 0.45% to 47.21p.

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