Cerillion expects full year results to be in line with expectations

Cerillion, a customer relationship management software provider, expects full year results to be in line with market expectations after “encouraging progress” in the second half of the year.

In a trading update for the year ended 30 September, the company expects revenues to increase 6% to £14.8m and earnings before interest, tax, depreciation and amortisation (EBITDA) to rise 8% to £3.1m.

The performance in the second half of the year was due to its “strong” back order book for its enterprise billing and customer relationship management platform, which included a £2.1m contract win with a 4G telecommunications provider in the Europe, Middle East and Africa region.

The AIM-listed company also said it was positioned in the ‘Visionaries’ quadrant of a recently published report, ‘Magic Quadrant for Integrated Revenue and Customer Management for CSPs’ by Gartner, an information technology research and advisory company.

Cerillion was moved from the ‘niche players’ designation in 2015 and is the third consecutive year that the company had been included in the annual review of customer relationship management systems.

Chief executive Louis Hall said: "We believe that receiving recognition from Gartner validates our strategy and we are delighted with our position in the Visionaries quadrant of this prestigious industry report.

“Digitalisation means that companies in all sectors need to be able to adapt and evolve quickly to remain relevant and be successful in increasingly competitive markets. As a supplier of mission critical business solutions, our role is to anticipate future trends and equip our customers with the tools they need to innovate and differentiate their services in this rapidly changing business landscape."

Shares in Cerillion were up 0.77% to 131.50p at 0959 BST.