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Tuesday 14 May 2019

Eckoh enjoys strong momentum

eckohAIM-listed provider of contact centre and secure payment solutions, Eckoh, has issued a trading statement highlighting a strong close to its fiscal year. Eckoh’s board confirmed that the company had enjoyed double digit sales growth in both the UK and US during the second half and had closed out the year in line with expectations, following a very strong H1.

Eckoh's US Secure Payments operation saw new business grow by 47% to $13.7m during FY2019. Sales were boosted by wins in a number of sectors including, insurance, healthcare and telecoms and consisted of both cloud and on-premise deals. The company also performed well in the UK, with overall business doubling year on year, in terms of TCV, helped by its ongoing relationship with Capita.

Eckoh has been performing very strongly recently (see: Eckoh’s new business booms) and the latest news indicates that the company’s impressive run of success has continued. The recent re-organisation of Eckoh’s UK sales function appears to have paid dividends. Eckoh’s fortunes are in part tied to its corporate partnerships and its relationships with both Capita and BT appear to be providing opportunities for the company once again. Eckoh will report its audited full year results on Wednesday 12 June 2019.

Posted by Jon C Davies at '08:19' - Tagged: results   payments  

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