Netcall dials-in improved trading in first half
29 January 2009
Netcall, the provider of callback, auto-messaging and contact solutions, has reported a significant improvement in trading in the six months ending 31 December 2008 compared with the same period last year, resulting in an increase in revenues for the first half of 19% to £2.0m.
Cash flow remained strong, generating £1.1m during the first half of which £0.4m was invested in a share buy-back programme. The Company's cash position increased in the half year to £3.6m as at 31 December 2008 (June 2008: £2.9m).
Henrik Bang, CEO, commented,
'The continued demand we have seen during the period demonstrates the strength of Netcall's product offerings in a difficult market. We were pleased to see revenues from the Financial Services sector remain steady during the period whilst growth was achieved from other verticals. The Company remains cautious about the short term outlook, bearing in mind the current economic climate; however our healthy pipeline means we continue to be confident in the long term prospects of the business.
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