As per April’s update, Cerillion has delivered a very strong H1, with sales of £20.5m, +27% y/y and EBITDA +38% to £10.0m (~49% margin). Results reflect strong execution against a healthy backlog and also two large existing customer deals, thus driving H1 bookings +40% higher. Indeed these two contracts are worth highlighting as they reflect an acceleration of an established trend, whereby Cerillion’s broad and relevant value proposition is driving ongoing product and service purchases by existi ....
15 May 2023
Cracking start to FY23…all eyes on H2 bookings
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Cracking start to FY23…all eyes on H2 bookings
Cerillion Plc (CER:LON) | 1,470 0 0.0% | Mkt Cap: 433.8m
- Published:
15 May 2023 -
Author:
Harold Evans -
Pages:
3
As per April’s update, Cerillion has delivered a very strong H1, with sales of £20.5m, +27% y/y and EBITDA +38% to £10.0m (~49% margin). Results reflect strong execution against a healthy backlog and also two large existing customer deals, thus driving H1 bookings +40% higher. Indeed these two contracts are worth highlighting as they reflect an acceleration of an established trend, whereby Cerillion’s broad and relevant value proposition is driving ongoing product and service purchases by existi ....