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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 confident that the current year could be a breakthrough period for the US business, with the US arm having already closed two multi-million dollar deals in June.

Nik Philpot, chief executive, tells Proactive Investors the US market “can be a huge market for us and one that we do expect to grow very substantially, very quickly.”

“What’s interesting about the US, unlike the UK, is that they are really starting to take credit cards and data security more seriously than ever, but they’ve got a lot of catching up to do.”

He adds that he is pleased with “the speed in which the market is embracing our products on both sides of the business”.

Quick facts: Eckoh PLC

Price: 50.5 GBX

AIM:ECK
Market: AIM
Market Cap: £134.9 m
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Eckoh targeting big slice of US market – CEO

Nik Philpot, chief executive of Eckoh PLC (LON:ECK), says the secure payment systems supplier has an excellent pipeline of deals in the US. Philpot describes the market there as at an earlier stage where there’s very little competition.  “The US generally is playing catch up with...

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