Netcall announced on Friday the signing of a $19m contract for its Liberty platform by an S&P 500 international financial services company.
Netcall (NET ) provides intelligent automation and advanced customer engagement solutions to a wide spectrum of enterprise, healthcare, and government clients. Liberty is the company's premier AI-powered platform that enables companies to rapidly and efficiently transform their business to handle a greater number of customers more efficiently.
An initial 3-year cloud subscription was signed for Liberty Create and Liberty RPA that will generate $19m of revenue for Netcall, providing a large increase in expected adjusted earnings and annual profit. The selected solutions will enable the S&P 500 client to deploy powerful business applications to its customers across 120 countries.
The market welcomed the news, with NET up 30% on Friday and trading sideways this morning.
Henrik Bang, CEO, commented: "This landmark contract demonstrates the quality of the Liberty platform and its ability to support the world's largest companies in their digital transformation efforts. Having successfully deployed initial applications in North America and Europe, the customer will now use Liberty low-code and RPA across its global operations. As well as providing a significant increase in revenue and profits to the Group, the contract further strengthens Netcall's presence in the financial services industry, marking another step forward in the evolution of the Company."
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