Eckoh Technologies Share News (ECK)

Speech recognition specialist Eckoh reported a 25% drop in full-year revenues but said it is still on track to grow revenues and profitability in 2009/2010.Revenue dropped to £19.1m in the year ended 31 March from £25.6m, though gross profit was slightly higher at £6.2m compared with £6.0m last time. The loss before tax on continuing operations reduced from £2.2m to £0.7m."By targeting the need for large organisations to deliver better customer service within constrained budgets, we anticipate the future growth from the Speech division to exceed what we have already achieved and as a consequence we expect profitability to increase further in this current year," said chief executive Nik Philpot."Additionally, with the recent investment in our underlying technology, we expect to not only maintain our market leading position but become the pre-eminent provider of speech solutions and as a result we remain extremely confident in the future prospects for the business and with our ability to significantly increase our profitability over the medium term."