Netcall issues warning over sales and EBITDA

AIM-listed customer engagement software provider Netcall (LON:NET) has seen its share price drop by 11.89% to 50p (as of 15:15 BST) following a trading update. The company said that product sales for the year would be below forecasts due to purchasing delays within the NHS, leading to lower EBIDTA.

Management said that they were optimistic about the company’s future prospects and that the group would continue to move towards being a cloud-based operation. Cloud-based bookings for the firm were up by more than 160% during the year so far.