Eckoh has provided an FY24 trading update which reflects strong progress in new business, renewals, up and cross-selling. Eckoh’s high level of multi-year renewals provides excellent forward revenue visibility and the move to the cloud supports further margin improvement. FY24E revenues are now expected to be c.£37.2m (SCMe: £39.6m) while both adj Operating Profit and Net Cash are expected to be marginally ahead of market expectations. Eckoh is finding favour in the key North America market with ....


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FY24 trading update: Strong new business momentum
- Published:
09 May 2024 -
Author:
Singer CM Team -
Pages:
3 -
Eckoh has provided an FY24 trading update which reflects strong progress in new business, renewals, up and cross-selling. Eckoh’s high level of multi-year renewals provides excellent forward revenue visibility and the move to the cloud supports further margin improvement. FY24E revenues are now expected to be c.£37.2m (SCMe: £39.6m) while both adj Operating Profit and Net Cash are expected to be marginally ahead of market expectations. Eckoh is finding favour in the key North America market with ....