Cerillion PLC Trading Update (8913U)
October 30 2017 - 2:00AM
UK Regulatory
TIDMCER
RNS Number : 8913U
Cerillion PLC
30 October 2017
30 October 2017
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 announce a
trading update for the financial year to 30 September 2017.
The Company continued to perform well in the second half of the
financial year, and results for the full year are expected to be in
line with market expectations. Revenues and EBITDA for the 12
months are anticipated to show increases of 8.2% to GBP16.0m and
16.3% to GBP3.6m, respectively(1) .
This performance reflects new customer implementations in EMEA
and strong growth in software revenues(2) with existing customers.
Looking forward, the pipeline of opportunities remains very
encouraging.
Cerillion is also pleased to highlight 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 2017). Further information on
this is provided in an RNS REACH announcement issued today.
Full year results are expected to be announced on 27 November,
when a further update on current trading will be provided.
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.
1 Cerillion plc acquired Cerillion Technologies Limited on 18
March 2016 in conjunction with the completion of its IPO on AIM.
Prior to 18 March 2016, Cerillion plc had no trading activity.
Consequently, the comparative numbers for the year ended 30
September 2016 referred to in this trading update are based on the
consolidated figures for the Cerillion Technologies Limited Group,
prepared under United Kingdom Generally Accepted Accounting
Principles, which includes Cerillion Technologies Limited and its
subsidiaries (Cerillion (India) pvt and Cerillion Inc).
2 Revenue derived from software licence, support and maintenance
sales
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)
Toby Gibbs
Mark Percy
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Irene Bermont-Penn
Emma Pearson
About Cerillion
www.cerillion.com
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 approximately 80 customer installations across over 40
countries, principally serving the telecommunications market.
The Company is headquartered in London and also has operations
in Pune, India where its Global Solutions Centre is located, Miami
and Sydney.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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