StockMarketWire.com - Eckoh has confirmed that trading for the year ended 31 March was comfortably in line with market expectations and announced that non-executive chairman Chris Batterham would step down at the forthcoming annual general meeting.
An update said revenue and margin grew by over 20% for the fourth year in succession. and the company continued to make good progress in the UK.
It said the group's operations in the United States produced a record year in terms of revenues and order book; as a consequence US-derived revenues would again represent a growing proportion of total group revenues.
The group said it continued to benefit from increasing revenue and earnings visibility driven by the increasing proportion of US sales attributable to longer term, software-as-a-service.
The group said that in line with corporate governance best practice, Batterham, who has served as non-executive chairman since July 2009, would be stepping down from his position and leaving the board at the forthcoming AGM, by which time the group expects to have his successor in place.
It said the search for his replacement was already well advanced.
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