Here is a summary of the text provided
Cerillion plc, a billing, charging, and customer relationship management software solutions provider, released its annual results for the fiscal year ended September 30, 2024.
The company achieved record financial performance with a 12% increase in revenue to £43.8 million and a 15% rise in adjusted EBITDA to £20.7 million.
Key financial performance measures reached new highs, including a record £19.8 million in adjusted profit before tax, an 18% increase.
Total new orders increased by 21% to a record £38.1 million, driven by two major new customer wins and strong demand from existing customers.
The company signed agreements with Virgin Media Ireland and a leading provider of connectivity solutions in Southern Africa, worth €12.4 million and $11.1 million, respectively.
Cerillion completed two major new implementations for Telesur in Suriname and CWS in the Seychelles.
The company opened a new office in Sofia, Bulgaria, to accommodate its growing nearshore team.
The pipeline of new business opportunities stands at a record high, and Cerillion remains well-positioned for further growth in the next financial year.
The final dividend of 9.2p per share is proposed, bringing the total dividend for the year to 13.2p per share, an increase of 17%.
The Groups revenue streams are categorized into three segments: software revenue, services revenue, and revenue from other activities, with software revenue accounting for 55% of the total.
Operating expenses increased by 7.7% due to higher personnel costs and unfavorable foreign exchange rates.
The Group continued to generate strong cash flows, ending the year with net cash of £29.9 million, a 21% increase.
The Company expects to make further progress in the new financial year, supported by a healthy back-order book and a strong pipeline of new business opportunities.