News

Netcall warns as activity declines

07 July 2008 07:55:00

Telephone call-back software specialist Netcall warned reduced activity in a number of areas means both sales and profits will be below market forecasts.

"The prevailing difficult market conditions have resulted in reduced activity for a number of our customers, primarily in the Financial Services sector with a consequent impact on Netcall," it said in a statement.

Netcall added the business performed more strongly in the second half of the year, with increased revenue and cash generation through an increase in licence revenues, though licence revenue still fell short of expectations.

Hosted business Netcall saw no decline in the rate of new customer signings. However, lower activity levels in these customers resulted in a decline in services revenue in the second half, Netcall said.

Cash at the June year-end was £2.9m (FY07: £2.4m).

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