Netcall delivers double-digit revenue and EBITDA growth
By Iain Gilbert
Date: Tuesday 14 Jul 2020
(Sharecast News) - Software firm Netcall said on Tuesday that a strong full-year trading performance had delivered double-digit growth in revenue and adjusted underlying earnings.
Netcall expects full-year revenues to be 10% higher year-on-year at £25.1m, while adjusted underlying earnings were pegged to be 29% higher at £4.4m.
The AIM-listed firm said cloud annual contract value increased 25% to £7.5m, helping drive a 7% improvement in total ACV to £16.8m.
Netcall said its stronger performance was a result of a pivot towards focussing on helping clients with home working needs, assisting hospitals in managing changes to outpatient processes and Covid-19 responses, as well as supporting councils in providing enhanced citizen and local business support.
Chief executive Henrik Bang said: "Netcall weathered the impact from the pandemic well in the final quarter and the strong trading performance underlines the resilience of the business, the agility and dedication of our teams and the strength of the Liberty platform.
"The strength of our Liberty portfolio, high levels of recurring revenue, strong balance sheet and breadth of customer base, provide the Board with confidence in Netcall's ability to continue to navigate the challenging environment, supporting our customers in their digital transformation."
As of 0920 BST, Netcall shares had shot up 14.11% to 41.65p.
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