Cerillion PLC Trading Update (2317N)
October 24 2016 - 1:00AM
UK Regulatory
TIDMCER
RNS Number : 2317N
Cerillion PLC
24 October 2016
AIM: CER
Cerillion plc
("Cerillion" or "the Company")
Trading Update
Cerillion plc, the billing, charging and customer relationship
management software solutions provider, is pleased to provide a
trading update for the financial year to 30 September 2016.
Results for the full year are expected to be in line with market
expectations after continuing encouraging progress in the second
half. Revenues and EBITDA for the year are expected to show
respective increases of 6% to GBP14.8m and 8% to GBP3.1m.
The performance in the second half was underpinned by
Cerillion's strong back order book for its core enterprise billing
and CRM platform, which included a major new win in the EMEA
region, as announced on 11 July.
The Company is also pleased to note that it has been positioned
in the "Visionaries" quadrant of Gartner's recently published Magic
Quadrant for Integrated Revenue and Customer Management (IRCM) for
CSPs (October 2016). Further information on this is provided in an
RNS REACH announcement issued today.
Full year results are expected to be announced on 28 November,
at which time a further update on current trading will be
provided.
For further information please contact:
Cerillion plc c/o KTZ Communications
Louis Hall, CEO T: 020 3178 6378
Oliver Gilchrist, CFO
Shore Capital (Nomad and T: 020 7408 4090
Broker)
Bidhi Bhoma
Toby Gibbs
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Viktoria Langley
Emma Pearson
About the Gartner Magic Quadrant
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner's research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About Cerillion
Cerillion is a leading provider of mission critical software for
billing, charging and CRM, with a 16 year track record in providing
comprehensive revenue and customer management solutions. The
Company has 75 customer installations across 40 countries,
principally serving the telecommunications market but also
utilities and financial services.
The Company is headquartered in London and also has operations
in Pune, India where its Global Solutions Centre is located.
This information is provided by RNS
The company news service from the London Stock Exchange
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