Escher confident for growth prospects

Specialist technology services firm Escher Group has said it is increasingly confident about its medium-term growth prospects on the back of recent contract wins in South Africa, Gibraltar, and the UAE, and a new e-commerce deal with Deutsche Post DHL.

The Boston and Dublin-based group, which specialises in point-of-sale e-commerce software solutions for leading international postal agents and other businesses, yesterday, as expected, reported first-half revenues of almost $11.1 million (€8.5m).

Pre-tax profits took a dip, however, going from $1.08m to $420,000. Revenue was down from nearly $12.9m a year earlier, as consulting services revenue declined on the back of a major contract moving from development and customisation phase to roll-out.