Netcall Plc - AGM Statement November 2019
("Netcall", the "Company", or the "Group")
Netcall plc (AIM: NET), a leading provider of Low-code and customer engagement software, will be holding its Annual General Meeting in London at 10:30am today. At the meeting Michael Jackson, Chairman of the Company, will make the following statement:
"The Group has traded ahead of the same four-month period last year and in line with management expectations. We have seen increased order inflows for both Low-code and customer engagement solutions, including new wins in the Insurance, Retail and Public Sector markets.
"The Group's pipeline is healthy and continues to show growth, driven predominately by cloud-based opportunities. The Board is mindful of the current political and economic backdrop and notes that this may have an effect on customer decision making and it continues to monitor the timing of its larger enterprise and product sale contracts.
"Group cash at 31 October 2019 was £6.6m, after the final payment of £1.7m to the former shareholders of MatsSoft Limited acquired in 2017, (30 June 2019: £7.8m) offsetting debt of £6.6m (30 June 2019: £6.6m).
"Our high levels of recurring revenue provide a good forward visibility, which combined with our solid balance sheet and product strength give the Board confidence in the ongoing success of Netcall."
About Netcall Plc
Netcall is a UK company quoted on the AIM market of the London Stock Exchange. Netcall helps organisations transform their customer engagement activities and enable digital transformation faster and more efficiently, thereby improving customer experiences and operational efficiencies. Netcall's software product portfolio comprises Liberty, a customer engagement platform, incorporating omnichannel contact centre and workforce optimisation, and MATS, a market leading Low-code platform.
Netcall's customers span enterprise, healthcare and government sectors. These include two-thirds of the NHS Acute Health Trusts, major telecoms operators such as BT, and leading organisations including Lloyds Banking Group, ITV and Nationwide Building Society.