Software giant Cerillion reported record full-year profits and revenues this morning amid an "extremely favourable" market backdrop. The London-listed firm, which sells billing, charging and customer relations software to major communications providers, saw pre-tax profits rise 41 per cent in the 12 months to October, to a high of £16.8m. Revenues jumped by a fifth to a record £39.2m, which Cerillion said was driven by "strong demand" from existing customers and "major new customer implementations." Louis Hall, chief executive of Cerillion, hailed "another year of strong growth and development."

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