Eckoh PLC (LON:ECK) is on course to hit market forecasts this year thanks to a strong showing from its US operations.
Revenue and margins at the secure payments specialist rose by over 20% for the fourth year in succession to March 2017 with the US operations seeing record sales and orders.
US sales as a proportion of the total are growing rapidly said the company and attributable to the growing importance of pay-as-you-go (SaaS) style commercial relationships.
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Payment contracts worth US$8.3mln were picked up in the US last year (US$1.5m), with over 90% of these using the SaaS-style pricing model.
Net cash was ahead of market expectations at the period end said Eckoh.
Non-executive chairman Chris Batterham, meanwhile, is to stand down at the next AGM.