By Najat Kantouar
Cerillion said that it expects to beat fiscal 2023 market forecasts after a strong performance over the first half year with record revenue and adjusted pretax profit.
The London-listed software provider said on Monday that it has a strong back-order book and resilient sales pipeline, including a 15.1 million pounds ($18.3 million) new contract with an existing customer.
Revenue for the year ended Sept. 30 is expected to be GBP39.0 million, driven by increased sales pipelines from existing customers reflecting the growing value of the installed base.
The company has also provided an adjusted pretax profit consensus of GBP14.3 million.
“As well as the demand the company is experiencing from the existing customer base, the new customer sales pipeline grew again in the second half and includes some large opportunities. The company therefore expects to make further encouraging progress over the course of the new financial year,” it said.
Write to Najat Kantouar at [email protected]
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