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.
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
-
Is it time to ride the recovery in emerging markets?Interview What's the outlook for emerging markets? Gustavo Medeiros, head of research at Ashmore Group, gives his analysis and reviews progress in developing economies
-
Could the Enterprise Investment Scheme cut your tax bill?The Enterprise Investment Scheme is tax-efficient and potentially lucrative. Taking a chance on the scheme could trim your family’s IHT bill, says David Prosser
