Strong growth continues at Eckoh

Speech recognition company Eckoh said it continues to experience significant growth across its operations and expects results for the year ended 31 March 2012 to be in line with market expectations.

The group, which provides payment solutions across voice, web and mobile channels, said its strong performance was underpinned by further investment in its technology platform and the acquisition of key people for the business.

Eckoh expects to report its fourth successive year of double-digit revenue growth.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Chief executive officer Nik Philpot commented, "With global brands such as Apple, Google and Microsoft continuing to popularise the use of speech recognition, the interest in our speech technology has never been higher."

The firm has continued to expand the size of its VoiceXML speech recognition platform, while increasing office space by 50%. It has also created a new development team to deliver customer care mobile applications to complement its existing offering.

"The increased level of investment will remain in order to ensure that the high levels of demand for speech enabled services currently being experienced within the market continue to be maximized by the group," it added.

Eckoh remains confident in its prospects and anticipate the trend of growth in recent years is set to continue and intends to pursue a progressive dividend policy.

CJ