Escher Group posts rise in first-half profit
13th Sep 2016 14:32
(ShareCast News) - Escher Group posted a rise in interim profit for the six months to the end of June. Pre-tax profit was up 43% to $1.81m, on revenue of $12.34m, up 4% from the same period a year ago. Adjusted earnings before interest, taxes, depreciation and amortisation were up 25% to $3.35m. E
Read moreEscher Group swings to full year profit
7th Mar 2016 15:27
(ShareCast News) - AIM-listed Escher Group said on Monday that it swung to a pre-tax profit in 2015 and expressed confidence about the prospects for this year and beyond. For the year to the end of December, pre-tax profit came in at $1.1m (£0.8m) compared with a loss of £500,000 the previous year o
Read moreEscher Group Holdings invests in fintech startup
24th Feb 2016 09:50
(ShareCast News) - Escher Group Holdings has given a helping hand to financial technology start up Deposify. The AIM-listed point of service software provider said on Wednesday it had invested €125,000 (£98,583) in the Dublin-based company's initial raise. It has also licensed its transaction manag
Read moreEscher Group Holdings license deals won't be completed by year-end
4th Dec 2015 09:22
(ShareCast News) - Escher Group Holdings license revenue for the year is expected to be "materially lower than expectations" for the year, which has sent the share price plummeting. The AIM-listed company revealed on Friday that a number of additional license sales that it had expected in the second
Read moreEscher expects interim results below market expectations
7th Jan 2015 10:12
Escher Group Holdings shares slumped on Wednesday after it said it expected full-year revenues to be down due to a setback in negotiations for a license agreement. The provider of outsourced, point-of-sale software to the postal industry said the negotiations will continue into 2015, with the delay
Read moreDelay in contract fees sends Escher shares tumbling
28th Nov 2014 11:54
A delay to the outstanding licence revenue from a key customer is set to hit the performance of Escher Group it said on Friday, prompting the share price to drop. The group said that despite a good performance across the board, it now expects to recognise only 75% of licence fees from an unspecifie
Read moreEscher up on Insomnia Coffee retail contract
2nd Sep 2014 14:47
AIM-listed software provider Escher has been signed up by Irish coffee retail chain Insomnia Coffee to provide a fully managed mobile wallet service at its outlets. The contract, which was awarded in July and went live in 81 locations last week, "further underpins Escher's growing success in diver
Read moreEscher's first-half revenues fall on contract timing
29th Jul 2014 16:15
Escher Group said sales declined in the first half of the year due to timing of a major contract, while the bottom line was hit by higher investment. The company, which provides software to the postal industry, said group revenue is expected to have totalled $11.1m in the six months to June 30th, d
Read moreEscher unveils contract win with Royal Gibraltar PO
10th Jun 2014 07:44
In what will be welcome news to investors in AIM-listed Escher Group after Monday's share price plunge, the postal industry software supplier on Tuesday won a six-year contract with the Royal Gibraltar Post Office. Under the deal, Escher will provide its Riposte product, which manages data, monitor
Read moreEscher slides as customer delay hits timing of revenue
9th Jun 2014 09:07
Shares in AIM-listed Escher Group plunged on Monday morning after the group warned the roll-out of its software by a particular customer was progressing more slowly than originally anticipated. As a result the majority of its licensing revenue will now be recognised in the second half. The group w
Read moreEscher upbeat about 2014 after contract renewals, investment
10th Mar 2014 08:00
Escher Group, which provides software services to the postal industry, gave an upbeat outlook on Monday as it delivered an eight per cent increase in revenue for 2013 after a 'robust year of development and growth'. Chief Executive Liam Church said that all its customers with contracts expiring in
Read moreLondon pre-open: Flat start ahead of US jobs data
7th Mar 2014 07:18
- Flat start for FTSE - US stocks end broadly higher - Focus on US jobs data, quiet day for City A broadly flat start is expected on the London stock market today, as investors await key jobs data out from the US on what is set to be a notably quiet day for both companies and the wider economy on t
Read moreEscher Group signs deal with retail chain Just Falafel
7th Mar 2014 07:06
Escher Group, which provides outsourced, point-of-service software to the postal industry, has signed a contract with international food retail chain, Just Falafel, for the provision of a loyalty, coupon and pre-payment solution across its retail outlets in the UK. The solution will launch in Marc
Read moreSector movers: Sage lifts software stocks, chemicals gain
22nd Jan 2014 15:28
Sage was giving the software and computer services sector a lift on Wednesday after the firm reiterated its medium-term growth targets. Shares in Sage were up 3.6% at 427.9p - a level not seen in over a decade - after the accountancy software company said that trading across all regions in the firs
Read moreShares in Escher tumble on licence revenue delay
1st Nov 2013 15:26
Shares in Escher shed 10 per cent on disappointment that it no longer expected to recognise a hefty licence payment before the year-end. The postal software provider said it had pushed back its estimate of when it would recognise the licence revenue from a customer from the fourth quarter to the f
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