Management software specialist sees "strongest ever" six months with 77% earnings increase

A London management software solutions provider has announced that it has experienced its “strongest ever” six month period.

Cerillion, which provides billing, charging and customer relationship management software solutions, reported that its EBITDA rose by 77 per cent in the first half of the year, increasing from £2.7m last year to £4.8m.

The company also saw revenue increase by 25 per cent to £12.8m in the period, up from 2020’s £10.2m, and net cash up by 60 per cent to approximately £7.7m.

It said that the figures were driven by “strong demand”, as well as two contract wins totalling £18.4m.

Louis Hall, chief executive of Cerillion, commented: “The business has performed very strongly over the first half, and new orders in the period have equalled total new orders for the whole of the last financial year.

“Our last contract win represented another major milestone for us, and reflects growing market recognition of the quality of our solution and services.

“We have a strong pipeline of potential new business and remain well-positioned for continuing growth this financial year and next.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.