# Cerillion plc report record six months in H1 trading update

- Link: https://www.directorstalkinterviews.com/cerillion-plc-report-record-six-months-in-h1-trading-update/4121061366
- Published: 2022-04-19T07:16:45+01:00
- 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,
has announced an update on trading for the first six months of its current financial
year ending 30th September 2022.

Trading has been very strong, with the six month period ended 31 March 2022 setting
new records for both revenue and adjusted EBITDA. Revenue is expected to be 26% 
higher year-on-year at approximately £16.1m (H1 2021: £12.8m) and adjusted EBITDA
is expected to be 48% higher at approximately £7.1m (H1 2021: £4.8m). Net cash at
31 March 2022 is up by 114% to approximately £16.5m (31 March 2021: £7.7m), further
underpinning the Company’s strong balance sheet. Cerillion’s sales pipeline remains
strong and this, together with the record performance in the first half of the year,
underpins the Board’s confidence that trading for the full year will be in line 
with its expectations.

The excellent performance in the first half reflects on-going work on new customer
implementation projects and strong demand from existing customers, against a wider
back-drop of continuing strength in demand for telecoms services and substantial
on-going investment in 5G and fibre rollout.

The Company has continued to add further resource to support the strong momentum
in the business, and its new skill centre in Sofia, Bulgaria is growing as planned.
In addition, in the period, the Company completed Cerillion 22.1, the latest version
of its Enterprise OSS/BSS suite for fixed, mobile, cable and multi-service operators.
This new version will be released shortly and provides customers with further B2B
capabilities as well as launching a new set of SaaS software editions that address
new telecoms market segments with out-of-the box solutions.

**Notice of results**

The Board intends to announce interim results for the six months to 31 March 2022
in mid-May 2022, when the Company will provide a further update on current trading.

> **Louis Hall, Chief Executive of Cerillion, commented:**
> “The business has delivered a record performance for any six-month period, driven
> by our backlog of new customer implementations and strong demand from existing
> customers.  The market backdrop remains highly favourable for Cerillion. With 
> a strong pipeline of new business, we remain well-placed for continuing growth
> this financial year and next.”

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