Cerillion plc Reports Strong Financial Performance

LONDON – Cerillion plc, a software solutions provider specializing in billing, charging, and customer relationship management, has announced strong financial performance for the fiscal year ending September 30, 2024.

The company anticipates year-end revenue of approximately £43.8 million, up from £39.2 million in 2023, with adjusted pre-tax profits exceeding market expectations of £17.9 million, marking an increase from £16.8 million the previous year.

The second half of the fiscal year saw robust trading, building on a record first half. Cerillion's net cash position strengthened, closing the year at £29.8 million compared to £24.7 million at the end of September 2023. The company's success is attributed to a combination of new customer acquisitions and the growing value of its existing customer base.

Significant new orders were secured, surpassing previous year's totals. Notable agreements include:
– A €12.4 million contract with Virgin Media Ireland (November 2023)
– An $11.1 million contract with a prominent Southern African connectivity solutions provider (May 2024)

These deals are expected to contribute to future revenues.

As part of its expansion strategy, Cerillion has transitioned to a new office in Sofia, Bulgaria, to support near-shoring efforts. The company boasts a robust back-order book and a sales pipeline with several large prospective deals. The Board remains optimistic about Cerillion's growth trajectory.

Investors can expect a detailed report on the full-year results and an update on current trading in late November 2024, based on a press release statement from Cerillion plc.

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