Customer engagement software provider Netcall plc (LON:NET) told investors full year results for the 12 months to June to be in line with market expectations.
The AIM-listed firm said it has enjoyed “double-digit growth in order inflow”, with an increased share of the sales mix coming from SaaS-based (software as a service) contracts.
Netcall added that the increase in these types of contracts gives the group better revenue visibility as it adds to the recurring revenue base for future periods.
“This has been a year of strong sales order bookings for the group,” said chief executive Henrik Bang.
“As anticipated, we are seeing an increasing proportion of new sales orders for SaaS-based contracts which further enhances our financial visibility into future years.”
Netcall said it was in a “robust” cash position, explaining that it had maintained its debt-free balance sheet and was “strongly cash generative” at the operational level.
The company’s cash balance at the end of June was £14.1mln following the payment of the first enhanced and ordinary dividend, which comprised £3.0mln in total.
Shares in the group were up 2.75p, or 6%, to 52p.