Eckoh PLC (LON:ECK), the provider of secure payment products and customer contact solutions, won a US$1.35mln contract with a US healthcare operation.
When it announced its interim results in November, Eckoh noted clients were increasingly choosing the company’s Cloud platforms and this trend has continued. More than half the contract value Eckoh has won, and more than 80% of the number of contracts, have been for Cloud delivery in the current fiscal year, which ends tomorrow.
The value of new contracts won by the US Secure Payments business this financial year is up to US$11.6mln, comfortably exceeding the previous year’s total of US$10.7mmln. The number of individual contracts won in the year is also the highest since Eckoh entered the US market.
"The excellent performance of Eckoh's US Secure Payments business has been very satisfying, as it was one of the hardest hit in the first few months of the pandemic. Despite those challenges, with record numbers of contracts signed and new contract value beating last year's total, this clearly illustrates Eckoh's momentum in the attractive Secure Payments market,” said Nik Philpot, the chief executive officer of Eckoh.
“It has also been great to see our commitment and investment into new sales channels paying dividends with significant sized deals coming through new partners, as well as our long-standing partnerships continuing to deliver high-quality contracts. We anticipate that the share of channel revenue will steadily increase over the coming years as the number of relationships we have grows and the penetration of those partners into their specialist areas builds,” he added.
Shares in Eckoh were up 7.0% at 69p in early deals.