“The Group has experienced a period of strong trading with bookings significantly ahead of the same period last year, as a result of growing demand for our Low-code platform. Multi-year, Low-code contracts have been secured with both new and existing customers, including the first sales to NHS and Housing Association organisations. The transition toward a cloud-based recurring revenue model has continued to accelerate. As a result of this, and the timing of product sales, the Board expects recognised revenues for the year to be more weighted toward the second half than has historically been the case.
“Following continued customer interest, the growing pipeline and the significant market opportunity for Low-code, we have accelerated the investment into our Low-code offering, in line with our plans described at the time of our Final Results.
“The Group's pipeline is healthy and showing strong growth in cloud-based opportunities. Our high levels of recurring revenue provide good forward visibility, which combined with our solid balance sheet and cash balances of over £6.3 million at the end of November 2018, give the Board confidence in the ongoing success of Netcall.”
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.