CloudCall sees revenues up 30% as user growth, new orders jump
Source - SMW
CloudCall said it expected first-half revenues to rise by 30% amid a jump in user growth and new orders. For the year ended 30 June 2019, revenue were up 30% to about £5.2m from a year earlier with recurring revenue up 34%.
Users were up 37% for the half year from a year earlier to just under 37,000 as monthly net user growth exceeded the stated target of 1,000 per month in the second quarter of the year.
New orders received rose 44%, boosted by the company's first large enterprise deal.
'As our 'net user growth' KPIs clearly show, the first half of 2019 was another period of solid quarter-on-quarter acceleration, and I fully expect this trend to continue for the remainder of the year,' said Simon Cleaver, CEO of CloudCall.
'The "four pillars of growth" strategy we have in place is delivering results and despite some of our initiatives running at different speeds, is clearly already growing sales and visibly strengthening our pipeline of opportunities.'
At 9:13am: (LON:CALL) Cloudcall Group Plc share price was -8p at 111p