Cerillion finals to meet expectations

Cerillion, the billing, charging and customer relationship management software solutions provider, said results for the financial year to 30 September 2017 were expected to be in line with market expectations, with higher revenues and EBITDA anticipated.

Management forecast revenues and EBITDA for the 12 months would increase by 8.2% to £16.0m and 16.3% to £3.6m, respectively, to reflect new customer implementations in Europe, the Middle East and Africa [EMEA] and strong growth in software revenues with existing customers.

Looking forward, the pipeline of opportunities remained "very encouraging", the company said in a statement.

Cerillion also announced that it was positioned in the "Visionaries" quadrant of consultancy Gartner's recent publication entitled "Magic Quadrant for Integrated Revenue and Customer Management for CSPs".

Gartner is one of the best-reputed technology research outfits, catering to to global technology business leaders.