Updates

Eckoh - 10 clients in Fortune 250 list

July 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Eckoh supplies call centre systems. Chief executive Nik Philpot explains that activity started to go down as early as February as COVID-19 hit but even so results for the year to end March were in-line. Volumes have come back strongly in recent weeks (April to mid June) as home working call centre agents become a permanent feature of large contact centre operations, which will force a greater number of organisations to adopt a more rigorous approach to data and payment security. With high levels of recurring revenue and a record order book, the business seems fairly well placed. As it was, for the year to end March, sales were up 16% to £33.2m, comprising UK sales +6% to £20.5m but with much faster growth in the US ...

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