Netcall PLC (LON:NET) said it has seen an increase in first-half bookings, driven by the growing demand for its low-code platform but that its revenues would be weighted to the second half.
The customer engagement software provider said in a statement that it had traded well since July, with bookings significantly ahead of the same period a year ago.
READ: Netcall to hit full-year targets
The AIM-listed firm said it had secured multi-year, low-code contracts with both new and existing customers, including the first sales to the NHS and housing associations.
“The transition toward a cloud-based recurring revenue model has continued to accelerate. As a result of this, and the timing of product sales, the board expects recognised revenues for the year to be more weighted toward the second half than has historically been the case,” the company said in the statement, which was issued ahead of its annual general meeting.
"Following continued customer interest, the growing pipeline and the significant market opportunity for Low-code, we have accelerated the investment into our low-code offering, in line with our plans described at the time of our final results,” the software group added.
Netcall said it had a healthy pipeline and continued to see strong growth in cloud-based opportunities.
The company added that its high levels of recurring revenue provide good forward visibility, which gives it confidence in its prospects.
Shares in Netcall were 7% down at 33.0p in late afternoon trade.