A high-quality business delivers
News covered in our update here includes fabulous results from a provider of software solutions to the telco sector. Elsewhere a provider of construction materials also delivered excellent results although the market clearly has concerns on the outlook for its market. Read on here for this and other news from AIM.
Fabulous results and forecasts look too cautious to us Cerillion (AIM:CER), the billing, charging and customer relationship management software solutions provider, reported fabulous results for the 12 months ended 30 September 2022. Revenue rose 26% to a record £32.7m driven by major new customer implementations and strong demand from existing customers. The all-important recurring revenue, which is derived from support and maintenance and managed service contracts, increased by 21% to £10.5m, equivalent to approximately 32% of total revenue. At 30 September 2022, recurring revenue on an annualised basis was 25% higher year-on-year at £12.4m, boosted by a 67% increase in…