Cerillion PLC (AIM:CER) reported record six-month revenue, adjusted profit before tax (PBT) and net cash, as well as confirming it is well positioned to deliver its full-year targets.
Sales for the billing, charging and customer relationship management software solutions provider rose 26% to £16.1mln, reflecting ongoing implementation projects.
Adjusted PBT surged 65% to £6.3mln for the six months ended 31 March 2022, while adjusted earnings per share soared 62% to 18.6p.
Net cash rocketed 114% to £16.5mln, interim dividends increased 24% to 2.6p and the company said new major customer signings are expected in the second half and beyond.
It also formed a new team of experienced delivery resources in Bulgaria.
"We have made good operational progress in the period as well. The new team we have established in Bulgaria is part of our push to accelerate recruitment and diversify our talent base to meet growing demand,” Louis Hall, Cerillion chief executive, commented.
"We see excellent opportunities for continuing growth and the new customer sales pipeline has grown significantly. Given the company's progress, and its strong financial and operational position, we continue to view prospects very positively."