Cerillion PLC Trading Update (8913U)

TIDMCER

RNS Number : 8913U

Cerillion PLC

30 October 2017

30 October 2017

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Trading Update

Cerillion plc, the billing, charging and customer relationship management software solutions provider, is pleased to announce a trading update for the financial year to 30 September 2017.

The Company continued to perform well in the second half of the financial year, and results for the full year are expected to be in line with market expectations. Revenues and EBITDA for the 12 months are anticipated to show increases of 8.2% to GBP16.0m and 16.3% to GBP3.6m, respectively(1) .

This performance reflects new customer implementations in EMEA and strong growth in software revenues(2) with existing customers. Looking forward, the pipeline of opportunities remains very encouraging.

Cerillion is also pleased to highlight that it has been positioned in the "Visionaries" quadrant of Gartner's recently published Magic Quadrant for Integrated Revenue and Customer Management (IRCM) for CSPs (October 2017). Further information on this is provided in an RNS REACH announcement issued today.

Full year results are expected to be announced on 27 November, when a further update on current trading will be provided.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1 Cerillion plc acquired Cerillion Technologies Limited on 18 March 2016 in conjunction with the completion of its IPO on AIM. Prior to 18 March 2016, Cerillion plc had no trading activity. Consequently, the comparative numbers for the year ended 30 September 2016 referred to in this trading update are based on the consolidated figures for the Cerillion Technologies Limited Group, prepared under United Kingdom Generally Accepted Accounting Principles, which includes Cerillion Technologies Limited and its subsidiaries (Cerillion (India) pvt and Cerillion Inc).

2 Revenue derived from software licence, support and maintenance sales

For further information please contact:

 
 Cerillion plc                c/o KTZ Communications 
  Louis Hall, CEO              T: 020 3178 6378 
  Oliver Gilchrist, CFO 
 
 Shore Capital (Nomad and     T: 020 7408 4090 
  Broker) 
 Toby Gibbs 
  Mark Percy 
 
 KTZ Communications           T: 020 3178 6378 
 Katie Tzouliadis 
  Irene Bermont-Penn 
  Emma Pearson 
 
 

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 16 year track record in providing comprehensive revenue and customer management solutions. The Company has approximately 80 customer installations across over 40 countries, principally serving the telecommunications market.

The Company is headquartered in London and also has operations in Pune, India where its Global Solutions Centre is located, Miami and Sydney.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 30, 2017 03:00 ET (07:00 GMT)