Cerillion’s results push shares upwards

AIM-listed billing management firm Cerillion (LON:CER) has seen its share price rise by 3.23% to 192p (as of 10:55 GMT) after it published results for the year ended 30th September. Revenues for the year were up by 8% as new orders increased by 78%. Pre-tax profits climbed by 36% as gross margin improved by 300 basis points.

CEO Louis Hall commented: “Cerillion has delivered a strong performance with revenue, pre-tax profits and new orders all achieving record highs. The four major new customer wins continued a trend towards larger deal sizes with larger customers and stand us in good stead for further new wins. Three of the four were signed in the second half, increasing our back-order book to a new high. With a further major new win secured in October, we start the new financial year with greater revenue visibility than at the beginning of any previous financial year.”

“Industry trends in our core telecoms market mean that demand for our solutions remains strong and with recent sales success, a strong new customer pipeline, the ability to rollout new and enhanced product modules, and ongoing recognition by industry analysts, the Company is very well placed for continued progress“.