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(Sharecast News) - Software firm Netcall said on Wednesday that both revenues and adjusted underlying earnings had grown in the year ended 30 June.
Netcall said total revenues rose 23% to £48.0m, accelerating as demand for its Liberty cloud platform offering gained pace, with cloud services revenue up 48% to £29.3m. Organic revenues were up 10%. Recurring revenues represented 80% of total revenues, up from 76% in FY24.
Annual contract value grew 31% to £42.2m, including a 52% rise in cloud ACV to £33.9m, of which half was organic, demonstrating "sustained momentum" in its Liberty cloud offering.
Adjusted underlying earnings increased by 17% to £9.8m, while adjusted pre-tax profit rose 8% to £8.3m. Statutory pre-tax profits, on the other hand, fell 19% to £5.1m.
Netcall ended the period with £27.2m in cash, and said demand for digital automation and AI solutions continued to drive growth across its customer base, with momentum continuing into the new financial year, which opened with a record pipeline and a contracted revenue order book of £79m.
The AIM-listed firm also proposed a final dividend of 0.94p per share, up 6% year-on-year.
As of 1115 BST, Netcall shares were down 0.83% at 120p.
Reporting by Iain Gilbert at Sharecast.com
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