Cybertill, a cloud based software provider to retailers, has seen its EBITDA (before R&D costs) rise by 30% to £671,872, whilst revenues rose by 17%, which are now in excess of £7m.
Cybertill’s results, for the financial year 2013/14, continue its sustained growth. In the previous financial year Cybertill doubled its EBITDA and in 2011/12 grew revenues by 63%.
“We are exceptionally pleased with the year’s results as they demonstrate growth across all revenue segments of our business,” commented Cybertill founder and CEO, Ian Tomlinson.
“New business orders are up around 30% on the prior year with recurring revenues having grown by 16.4%. This particular revenue stream now represents 44% of our income base which provides Cybertill the assurance of making the right investment decisions for the future.”
One reason for this sustained success is that Cybertill is cloud based. This approach enables retailers and their customers to see live stock levels across the business. This helps retailers offer customers what they want, which is essentially a seamless omni-channel retail experience. Therefore retailers can offer customers convenient services such as ‘click and collect’.
Cybertill is well placed to continue its ongoing growth of profits and revenues. Cybertill has invested in R&D throughout 2013/14 on new product development and will launch some enterprise software modules in 2014. These will help Cybertill offer an end-to-end enterprise cloud software solution enabling Cybertill to target larger retailers.
“Our development of new software modules is also well timed. As the economy and high street are beginning to show signs of sustained growth, this in turn encourages more retailers to invest in new technology to help them manage their operations more effectively in an omni-channel retail age,” said Tomlinson.
The additional cloud-based enterprise software modules being developed include: merchandising, loss prevention and warehousing. These will complement the existing cloud portfolio of EPoS, ecommerce, mail order, loyalty and promotions modules.
