Netcall PLC Trading Update (3903A)
29 Mayo 2019 - 1:00AM
UK Regulatory
TIDMNET
RNS Number : 3903A
Netcall PLC
29 May 2019
29 May 2019
NETCALL PLC
("Netcall", "the Company", or "the Group")
Trading Update
Netcall plc (AIM: NET), the leading provider of Low-code and
customer engagement software today provides an update on trading
for the year ending 30 June 2019.
Cloud bookings(1) have continued their strong performance with
year over year growth of 160% to GBP6.5m, reflecting strong
Low-code cross sales to customers and the signing of new names. As
a result, Low-code ACV(2) has continued its growth and is up 36%
year over year to GBP4.4m. ACV from Support Contracts has also
continued to grow, and as a result total ACV is up 10% year over
year to GBP15.6m.
Product sales, whilst improved over the first half of the year,
have been impacted by purchasing delays within the NHS coupled with
public sector customers ordering the Group's newly launched
Low-code cloud offerings. As a result, Product revenues for the
year will be lower than expected.
As a consequence, adjusted EBITDA(3) for the year is now
expected to be approximately GBP3.4m. Cash generation has been
strong and at 30 April 2019 the Group's cash position was GBP6.5m
offsetting the existing debt of GBP6.6m.
The Board remains very optimistic about the prospects for
Netcall, as evidenced by the strong growth in Cloud bookings and
ACV. The Group continues its transition from a traditional software
business to a digital cloud operation and the Board looks forward
to giving a further update at the time of its final results to be
published in September 2019.
(1) Cloud bookings is the total of all new orders received
classified as cloud subscription and support revenues.
(2) ACV, as of a given date, is the total of the value of each
cloud and support contract divided by the total number of years of
the contract.
(3) Profit before interest, tax, depreciations and amortisation
adjusted to exclude the effects of acquisition, impairment,
contingent consideration and non-recurring transaction costs.
For further enquiries, please contact:
Netcall plc Tel. +44 (0) 330 333
6100
Henrik Bang, CEO
Michael Jackson, Chairman
James Ormondroyd, Group Finance Director
finnCap Limited (Nominated Adviser and Tel. +44 (0) 20 7220
Broker) 0500
Stuart Andrews / James Thompson, Corporate
Finance
Tim Redfern, Corporate Broking
Alma PR Tel. +44 (0) 20 3405
0212
Caroline Forde / Hilary Buchanan / Helena
Bogle
About Netcall plc
Netcall is a UK company quoted on the AIM market of the London
Stock Exchange. Netcall helps organisations transform their
customer engagement activities and enable digital transformation
faster and more efficiently, thereby improving customer experiences
and operational efficiencies. Netcall's software product portfolio
comprises Liberty, a customer engagement platform, incorporating
omnichannel contact centre and workforce optimisation, and MATS, a
market leading Low-code platform.
Netcall's customers span enterprise, healthcare and government
sectors. These include two-thirds of the NHS Acute Health Trusts,
major telecoms operators such as BT, and leading organisations
including Lloyds Banking Group, ITV and Nationwide Building
Society.
For further information, please go to www.netcall.com.
Prior to publication the information communicated in this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No 596/2014 ('MAR') With the publication of this announcement, this
information is now considered to be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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