9th Jun 2008 07:52
Sydney 9 June, 2008: eServGlobal Forecasts 15% Revenue growth.
eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today announced updated guidance for the full year ending 30 June, 2008.
Continuing sales and delivery success in the second half is forecast to produce a full-year revenue achievement above AUD$176million, representing 15% growth over the FY07 revenue achievement of AUD$153million.
EBITDA is forecast up to AUD$24million, compared to the FY07 achievement of AUD$18.9million, a result of increasing software license sales and higher productivity.
The above figures are subject to the completion of the year-end accounts and auditor's report and there are assumptions included in the forecast, including external project dependencies not fully under the control of eServGlobal, which may reduce or increase the final result.
“Additional caution was evident in the global telecoms market in the early part of 2008 and some customer decisions were delayed, contributing to an increase in the backlog we will carry into our new year. We believe that conditions have now settled and our focus on real-time charging and mobile commerce will bring further growth in key areas of the rapidly evolving telecoms market.” said Mr. Ian Buddery, Executive Chairman of eServGlobal.
About eServGlobal
eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and payment services for telecommunications service providers operating on all generation networks.
As payment is crucial, eServGlobal's Charging Suite responds to increasingly sophisticated charging and billing challenges while providing advanced recharge and m-payment solutions. The innovative Retention Suite delivers targeted incentives to increase customer satisfaction and retention. Meeting customer demand for new communication experiences, the eServGlobal Messaging Suite enables reliable delivery of multimedia services such as unified messaging, video blog, SMS, and instant messaging. The Network Suite supplies enhanced personalisation and network optimisation.
Over 80 of the world's leading service providers, with over 400 million mobile subscribers in more than 50 countries, are taking advantage of eServGlobal's end-to-end solutions and expertise to quickly deliver revenue-generating services. With 14 offices around the world and staff from 20 different countries, we provide flexible solutions with ongoing product development, based on a deep understanding of our customers' challenges.
eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). In the year to 30 June 2007, eServGlobal reported a net profit before tax of A$9.1 million, up 104% from the previous year. A dividend of 2 cents per share was paid. More information can be found at: www.eservglobal.com
Ian Buddery David Poutney / Brent Nabbs
Executive Chairman Numis Securities Limited (NOMAD)
eServGlobal Limited Tel: +44(0)20 7260 1000
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