HotViews Archive

Skip Navigation Links.
Collapse 2019 (52)2019 (52)
Collapse June (52)June (52)
Snap stretched!
17 Jun 2019
Prowler.io secures $24m for its decision platform and vertical expansion
17 Jun 2019
FairFX heralds continued growth
17 Jun 2019
Serco Babcock talks a sign of the times
17 Jun 2019
Zava raises $32m to expand its online doctor service
17 Jun 2019
Dan Docherty - key SaaS appointment at Advanced
17 Jun 2019
Riverlane gets a quantum of funding
17 Jun 2019
Audio Analytic hears the sound of a ‘B’ round
17 Jun 2019
An Evening with TechMarketView: Mastercard's Gamino joins speaker lineup
17 Jun 2019
*NEW RESEARCH* OffshoreViews Q1 2019 review: TCS widens the UK gap
16 Jun 2019
Mindtree independent directors recommend L&T offer
16 Jun 2019
Privitar cooks up better cookie control
16 Jun 2019
RM acquires SoNET to deepen digital assessment services
14 Jun 2019
Mporium raises £1.9m for restructure
14 Jun 2019
CGI sees the value in SCISYS
14 Jun 2019
Buyers paying less for European tech M&A
14 Jun 2019
Revolut's global push arrives in Australia
14 Jun 2019
Atos lands $150m National Grid EX deal
14 Jun 2019
VMware bolsters multi-cloud security with Avi Networks buy
14 Jun 2019
Hexaware dishes the dosh for CX play Mobiquity
14 Jun 2019
New CEO presides over ‘in line’ SThree
14 Jun 2019
Adarma breaks out of ECS Security
13 Jun 2019
Dassault Systèmes invests in Medidata analytics
13 Jun 2019
ThetaRay boosted by ABN Amro investment
13 Jun 2019
Great British Scaleup: Wieldy
13 Jun 2019
OnTheMarket's losses on the move
13 Jun 2019
**NEW RESEARCH** Recruitment Outsourcing - Is there a better way?
13 Jun 2019
**NEW RESEARCH** Another Year Another $1Billion – the SI Creative Agency Spending Spree Continues
13 Jun 2019
TechMarketView Advertising Summer Deals
13 Jun 2019
Strong sales boost Eckoh as profits slide
12 Jun 2019
StatPro acquires ESG research and index business
12 Jun 2019
Latest TechMarketView Research
12 Jun 2019
The Panoply acquires FutureGov
12 Jun 2019
Belfast’s Datactics finds funding match
12 Jun 2019
Smiles for Realeyes as realises more funding
12 Jun 2019
*UKHotViewsExtra* Salesforce: $15.7bn to visualise a future with Tableau
11 Jun 2019
Privitar raises dosh but fails ‘cookie privacy' test
11 Jun 2019
iomart hits £100m revenue milestone
11 Jun 2019
**NEW RESEARCH** Securing the cloud: A case of shared responsibility
11 Jun 2019
Infosys aims to create magic on the roundabout
11 Jun 2019
London Tech Week brings boost to UK tech
11 Jun 2019
*UKHotViews Extra* Shifting gear
11 Jun 2019
Ocado invests in AgriTech
11 Jun 2019
Tech Talent Charter: Tackling the female talent pipeline
10 Jun 2019
New Signature's Microsoft award reflects customer innovations
10 Jun 2019
Woodford sell-down prompts interest in Purplebricks
10 Jun 2019
TrueLayer secures $35m for Open Banking push
10 Jun 2019
Triad revenues drop 18%
10 Jun 2019
Ideagen buys again
10 Jun 2019
NEW RESEARCH: Partnerships help drive growth at LBB Infoshare
10 Jun 2019
Social fashion marketplace Depop pops another $62m
10 Jun 2019
Want To Stand Out From The Crowd?
10 Jun 2019

UKHotViews©

 

Wednesday 12 June 2019

Strong sales boost Eckoh as profits slide

EckohAIM-listed provider of contact centre and secure payment solutions, Eckoh, has released an encouraging set of full year results, for its financial year ended 31st March 2019. The results revealed a strong close to the year with new business climbing 47% to £22.6m and total contracted business up 62% to £32.7m. As reported in its May trading update (see: Eckoh enjoys strong momentum) Excoh enjoyed double-digit growth in sales, in the UK and in the US during H2. Total revenue was up 5% to £28.7m, however overall net profit after tax fell by 30% to £0.9m.

New business at Eckoh’s US Secure Payments business grew by 47% to $13.7m during the year, with sales boosted by wins in a number of sectors including, insurance, healthcare and telecoms. These new contracts included both cloud and on-premise deals. Excoh also revealed strong performance in the UK, with the company’s growth boosted by its ongoing relationship with Capita.

Eckoh has performed strongly in terms of new business of late (see: Eckoh’s new business booms) and the company has built up some impressive sales momentum. Eckoh’s fortunes are in part tied to its relationships with both Capita and BT and these corporate partnerships appear to be providing healthy opportunities for the company once again.

Posted by Jon C Davies at '09:54' - Tagged: results  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2019: Unauthorised reproduction prohibited see full Terms and Conditions.