Escher sees revenue leap by a third
Escher Group Holdings, a provider of outsourced, point-of-service software to the postal industry, has secured a number of contract wins in the first half of the year, pushing revenue up by around a third, ahead of budget.
Escher Group Holdings, a provider of outsourced, point-of-service software to the postal industry, has secured a number of contract wins in the first half of the year, pushing revenue up by around a third, ahead of budget.
Income for the first half is set to come in at around $8.7m compared to $6.5m the same period the previous year.
The firm has continued to make investments, including hiring 25 new employees, and to progress with its provision of services to its customers, which has meant costs were also ahead of budget.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
Interest in its products remains high, the group said, and the board remains confident of closing additional new business in the second half and expects profit for the full year to be in line with market expectations.
Chief Executive Officer Liam Church said: "Sales of systems to new customers continues to lead our revenue mix, and the associated recurring income will become an increasingly material component of our revenues. We delivered a strong first half performance and we remain confident about the outlook for the rest of the year."
The share price rose 0.68% to 220.50p by 08:47.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published