A notable surge in cloud service demand has significantly uplifted Netcall’s revenue.
- Netcall’s annual revenue climbed to £39.1m, up by 9% from the previous year.
- The company’s cloud services experienced a remarkable 19% growth, reaching £19.8m.
- Netcall’s pre-tax profit has soared by 58%, totalling £6.3m this year.
- Strategic acquisitions have further strengthened Netcall’s business position in 2024.
London-listed company Netcall has witnessed a substantial increase in revenue, attributing this achievement to the heightened demand for cloud services. The company reported a revenue of £39.1 million for the year ending in June 2024, marking a 9% increase compared to the previous year.
The surge in Netcall’s cloud services was particularly pronounced, with a 19% growth reported, bringing in £19.8 million. This growth highlights the pivotal role that cloud-based solutions are currently playing in the digital infrastructure of businesses. As organisations increasingly seek automation solutions to manage their data and processes, Netcall’s services have become essential.
James Ormondroyd, Netcall’s CEO, emphasised the shift towards cloud infrastructure as businesses aim to enhance customer service capabilities and achieve cost savings. He noted the challenge many companies face due to a lack of digital skills necessary for implementing AI technology, which has driven the demand for accessible cloud solutions.
Netcall’s robust financial performance in 2024, including a 58% increase in pre-tax profit to £6.3 million, has led to the proposal of an increased dividend payment. The dividend is set to rise from 83p to 89p per share, contingent on shareholder approval, with payments expected in February 2025. Additionally, the company’s shares rose by 5% to 89.61p at market opening, reflecting investor confidence.
In 2024, Netcall made several strategic acquisitions, including the generative AI company Parble, acquired for €10 million in September, and local authority automation specialist Govtech in August. These acquisitions are indicative of Netcall’s commitment to enhancing its technological capabilities and expanding its market reach.
Netcall’s impressive growth figures underscore the critical importance of adapting to the increasing demand for cloud solutions in today’s business environment.
