Strong momentum at the start of NetCall’s financial year (see NetCall confident of a successful year) has continued through the first half with trading for the period to 31 December ‘comfortably in line with management expectations’. The customer engagement software provider saw double digit sales growth during H1 and ‘strong’ orders from both new and existing customers.
NetCall’s recent public sector ECM and document management acquisition Serengeti (see here), is now contributing to profits and the product integration is apparently on track. Meanwhile NetCall’s balance sheet remains debt free, and cash has increased to £8.2m at 31 December from £7.7m at 31 October, helped by £250k share buyback in December. CE Henrik Bang sees Serengeti providing further opportunity for cross- and up-sales and helping NetCall deliver a successful FY12/13.