- Cerillion said the deal will initially run for five years and be worth $11.1 million.
- He noted that the client serves B2B and B2C markets across Southern Africa.
Cerillion shares rose on Monday after the software company won a big contract and revealed record half-year results.
The London-listed group said the deal with the unnamed “leading connectivity solutions provider” will initially run for five years and be worth $11.1 million.
He told investors that the client serves the business-to-business and business-to-consumer markets across southern Africa with technologies ranging from fiber to satellite, microwave and standalone 5G.
Outlook: Cerillion CEO Louis Hall (pictured) said the company is “well positioned to meet market expectations for the full year and beyond.”
Cerillion unveiled the deal along with interim results showing its sales, profits and cash hit their highest levels in the six months ending March 2024.
Turnover rose 10 per cent to £22.5m, driven by a healthy volume of major implementation projects and growing demand for software which offset a decline in services revenue.
Adjusted pre-tax profits rose 14 per cent to £10.5m, while cash rose 13 per cent to £26.6m.
During the same period, the London-based company increased its new orders by almost a third to £20.2 million, mainly due to winning a €12.4 million contract with a “tier-one customer.” 1″ in Europe “to support all fixed and mobile services.” ‘.
Cerillion expects to achieve its annual market forecasts, due to a significant backlog of pending orders, new business portfolio and current projects.
Louis Hall, CEO of Cerillion, said: “With a steadily growing sales pipeline, increasingly strong demand among telcos for digital transformation through SaaS solutions and some exciting innovations across our product suite, we look forward to continue to grow strongly.”
“Given the company’s progress (including the significant new contract announced today) and outlook, we believe it is well positioned to meet market expectations for the full year and beyond, and we look to the future with confidence.”
Hall founded Cerillion in 1999 following the management purchase of the billing and customer service products division of Logica, a now-defunct IT services consultancy.
The group offers billing, collections and customer management systems software to companies in sectors such as finance, utilities, healthcare and telecommunications.
cerillon shares They rose 1 percent to 1,591.4 pence on Monday morning, meaning they have expanded about 32 percent over the past year.