viewEckoh PLC

Eckoh bullish as revenue growth tops 20%

The company signed nine new contracts for its secure payments products during the year to March just ended.

Woman shopping online
Sales pipeline is just as full says Eckoh

Eckoh PLC (LON:ECK) has seen sales and margins grow by more than 20% for a third year in succession, driven by growth in the US for its secure payment software. 

The company, which also provides call centre software, signed nine new contracts for its secure payments products during the year to March just ended.

US partner, West Corporation, signed its first contract with the retail subsidiary of a major global media and entertainment group in January, while recent US call centre acquisition PSS also chipped in for four months. 

In the UK, contracts wins have included Thames Water and a new five-year contract with existing customer Ideal Shopping Direct. 

Eckoh launched a tokenisation payment system in May, which has seen good interest it said and the increased need for data security will underpin sales, it said. 

Nik Philpot, chief executive, said the company had made great strides over the past year.

Significant future growth is expected from the US, while new client wins and a patent for its tokenisation system has strengthened the UK business, he added.

“With interest growing globally for our solutions our sales pipeline is stronger than ever going into the new financial year."

Revenues in the previous trading year,  to March 2015, rose by 22% to £17.2mln.

Quick facts: Eckoh PLC

Price: 62.4551 GBX

Market: AIM
Market Cap: £158.51 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Eckoh PLC named herein, including the promotion by the Company of Eckoh PLC in any Content on the Site, the Company receives from said issuer...



Eckoh chief sees substantial growth in US market

Eckoh PLC (LON:ECK) notched up its third successive year of double digit percentage revenue and margin growth in the year to 31 March 2016. While the performance last year was impressive, the secure payment products and customer contact solutions provider is becoming increasingly...

on 06/14/2016

2 min read