Eckoh delivered a strong 2016 performance which showed a robust UK performance combined with a step change in the group’s performance in the US which has carried into the current fiscal year. We put through 9% revenue upgrades but keep our profit forecasts unchanged and remain bullish on its prospects. Eckoh operates in markets with strong structural drivers of growth and remains well-placed to convert opportunities. It has established a strong track record of delivering good growth in revenue, profits and cash secured by significant levels of recurring revenues. We believe it is only in the early stages of unlocking its potential, particularly in the US, and believe it will continue to deliver strong growth.
