Eckoh announced today that trading for the 12 months ended 31 March 2016 was in line with market expectations, with revenue and margin growing by over 20% for the third year in succession. The US continues to show strong momentum with 14 contracts for secure payments solutions secured (9 in 2016), the first deal signed under the West partnership and the PSS acquisition performing well. A recent appointment of a new Senior Exec VP to head up all US sales (Secure Payments and Customer Contact Solutions) should help drive the business further. The UK also showed another strong performance with new client wins and important renewals. The balance sheet remains robust to support the group’s ambitions (organic and acquisitions). We remain positive on the shares as it continues to execute strongly with favourable demand dynamics both in the UK and US markets.
