Cerillion hits new highs with record financial year

London, 25th November 2019 – Cerillion (AIM: CER), an innovator in digital monetisation and customer management solutions, today announced its audited results for a record year across all key financial performance measures, with revenue up 8% to £18.8m, adjusted EBITDA up by 16% to £4.6m and new orders up 78% to £23.3m for the financial year ending 30th September 2019.

Now in its fourth year as a publicly quoted company, Cerillion has continued to win major new clients around the world, signing four substantial BSS/OSS transformation contracts with communications services providers (CSPs) in the US, Europe and Asia Pacific during the financial year, as well as experiencing strong demand and expansion within its existing customer base. Further success has followed at the start of the new financial year with a standalone convergent charging contract already signed with a large MVNE in South Africa, underlining the company’s global delivery capability and the versatility of its pre-integrated Enterprise BSS/OSS product suite.

During the year, Cerillion also went live with its first 5G customer, putting the company at the forefront of the latest wave of telecoms technology change which is driving further BSS/OSS investments and digital transformation projects.

“Our pre-integrated product suite continues to prove very attractive to CSPs due to its end-to-end business process support and modular deployment options,” commented Louis Hall, CEO, Cerillion. “This has translated into major new contracts and helped us to deliver a strong performance with revenue, earnings and new orders all achieving record highs. I am delighted with the progress we have made this year.”

To view the full results, please visit: https://polaris.brighterir.com/public/cerillion/news/rns/story/rg62zjx

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