# Cerillion more than double top-line growth rate to 25%

- Link: https://www.directorstalkinterviews.com/cerillion-more-than-double-top-line-growth-rate-to-25/4121034509
- Published: 2021-11-22T07:16:40+00:00
- Author: Giles

**[Cerillion plc](https://www.directorstalkinterviews.com/company/cerillion-plc/cer.l)**(
[LON:CER](https://www.directorstalkinterviews.com/company/cerillion-plc/cer.l)),
the billing, charging and customer relationship management software solutions provider,
presented today its annual results for the 12 months ended 30 September 2021.

### **Highlights** 

**Financial**:

·   All key financial performance measures reached record highs

·   Revenue^(1) rose by 25% to £26.1m (2020: £20.8m)

– recurring revenue^(2) contributed £8.6m (2020: £6.0m), 33% of total revenue

– at the year end, on an annualised basis, recurring revenue was up 25% year-on-
year to £9.9m (2020: £7.9m)

·   New orders rose by 43% to £33.3m (2020: £23.3m)

·   Back-order book^(3) increased by 36% to £42.1m at the year-end (2020: £31.0m)

·   Adjusted EBITDA^(4) increased by 81% to £10.5m (2020: £5.8m)

– adjusted EBITDA margin rose to 40.3% (2020: 27.9%)

·   Adjusted profit before tax^(5) up by 131% to £8.5m (2020: £3.7m)

·   Adjusted earnings per share^(6) increased by 105% to 25.5p (2020: 12.4p)

·   Reported profit before tax up by 181% to £7.4m (2020: £2.6m)

·   Reported earnings per share up 147% to 21.8p (2020: 8.8p)

·   Net cash increased by 71% to £13.2m (2020: £7.7m)

·   Final dividend of 5.00p per share proposed (2020: 3.75p), bringing the total
dividend for the year to 7.1p per share (2020: 5.5p), an increase of 29%  

**Operational**:

·    Staff continued to work remotely in light of the ongoing coronavirus pandemic,
but there was little adverse impact to operations and implementations

·    Largest ever contract won in March 2021 ($18.4m), with Telesur, a full-service
Latin American network operator, continuing the trend of winning bigger contracts
with larger customers  

·    Strong pipeline of new business opportunities

·    The Board believes that Cerillion is well-positioned for further progress over
the new financial year

> **Louis Hall, CEO of Cerillion plc, commented:**
> “We have more than doubled our top-line growth rate to 25%, building on the increasing
> momentum in new business wins over the last three to four years. I am also pleased
> to highlight strong margin growth and a rising base of recurring income. Cerillion
> has made huge strides in increasing market awareness of its flagship product, 
> and the signing of its largest ever contract win in the first half of the financial
> year continued the trend of securing bigger contracts with larger customers.
> “Prospects for ongoing growth remain very strong.  With a record back-order book
> and strong new business pipeline, we remain confident of continued momentum over
> the new financial year. The market backdrop remains extremely favourable. The 
> roll-out of 5G and digitisation continue to drive investment by telecom companies
> in enterprise software. These tailwinds should help to support Cerillion’s continued
> expansion over the short-term and longer term.”

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