SOFTWARE provider Cerillion yesterday posted record revenue as demand continued to surge thanks to a 5G boom and digitisation.

The British firm said revenue climbed 26 per cent to £32.7m in the 12 months to 30 September, driven by major new customer implementations and strong demand from existing customers.

The year was bolstered by big customer wins, including the largest ever contract won in July 2022 (£15m), with Cable & Wireless Seychelles, a full-service network operator.

The back-order book also reached a new high of £45.4m at the year-end, up from £42.1m last year. Meanwhile new customer sales pipeline climbed 43 per cent to a record £209m.

Cerillion chief Louis Hall said: "The roll-out of 5G and digitisation, and the need to be able to react rapidly to changing market conditions, means that telecom companies continue to drive investment in enterprise software. These tailwinds should help to support Cerillion's continued expansion over the longer term."

Shares are up over a quarter in the year to date for the AIM-listed firm.

(c) 2022 City A.M., source Newspaper