Cerillion shares up on a new contract win

Billing and customer management service provider Cerillion (LON:CER) has announced a new deal with the Danish telecoms and utility firm SE Group worth an initial £5.1 million. The contract cover the supply and installation of its BSS/OSS suite and the majority of the revenues from the deal will be recognised during the current year.

CEO Louis Hall commented: “We are delighted to have secured this new contract with a large European energy provider. Our Enterprise suite provides a comprehensive, pre-integrated, end-to-end solution. This is a significant win for the Company reflective of the larger contracts we are now securing, and will benefit revenues and earnings in the current financial year and beyond“.

The AIM-listed company’s shares climbed by 9.75% to 152p (as of 12:30 BST).