PTSB deal set to drive Escher revenues forward

Escher Group — the Irish-American software solutions provider — has said that its revenues for the first half of 2015 should come in at around $11.85 million (€10.9m), representing a year-on-year increase of 7%.

In a pre-close trading update, covering the six months to the end of June, Escher – whose main offices are in Dublin and Boston – said that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) should show a strong annualised increase of around 66%, to nearly $2.7m.

Net debt, as of the end of last month, stood at $2.7m; down from $5.3m at the close of last year.