Wameja Di Regulatory News (WJA)

30 Aug 2005 07:03

eServGlobal Limited29 August 2005 eServGlobal Reports 33% Annual Revenue Growth and Announces Dividend Key highlights: • Won convergent billing project at India's largest and fastest growing national mobile network, cementing eServGlobal's position as the leader for real-time billing control in large scale and high-growth mobile networks. • Achieved new OEM channel with world's largest messaging software supplier. • Revenue of $38.4 million, exceeding guidance of $37.6 million • Diluted EPS of $0.01 • Dividend of $0.01 per share, fully franked • Fiscal 2005/2006 guidance: eServGlobal is confident of continuing growth in the FY05/06 year. Sydney, Australia - 29 August, 2005 - eServGlobal Limited (ASX:ESV & LSE:ESG), aspecialised supplier of large-scale telecoms network software and services totelecommunications carriers, today announced a profit after tax of $1.112million for the year to 30 June 2005. The company will pay a fully-frankeddividend of $0.01 per share. Sales revenue for the year was $38.427 million, compared with $28.951 million inthe previous year, a growth of 32.7%. Gross Profit performance was strong at 43.6% (39.5% in FY04). This growthreflects the continuing focus on quality revenue and predictable projectdeliveries to customers around the world. The results for the full year include a one-off non-recurring charge of $0.587million, being the costs incurred in the London Stock Exchange AIM listing. Mr Ian Buddery, Executive Chairman, said: "We are proud to have achieved anoutstanding result in FY05, producing strong revenue and profit growth. Thegrowth was produced not only from our established customers, but also from majornew customers, bringing a corresponding increase in our long-term contractedsupport revenue. We thus enter FY06 with a large order book of recurringrevenue and a record pipeline of new opportunities. "We have made great progress with our partner strategy, developing new channelsto market. We believe that this will be a key component of our growth in futureyears, as we consolidate our position as the telecoms service-control supplierof choice, for leading billing and messaging vendors. "Last but not least, our listing on the London Stock Exchange AIM market hasbeen an outstanding success, with over 22% of shares now traded in London andmore than 200% share-price growth achieved. We now believe that we have theright platform for shareholder value and liquidity well into the future. Sales Highlights During the fiscal year, our results included the following significant events: • Established sales & support operation in India, to service the world's fastest growing mobile telephony market. • Delivered our first NGN deployment with a tier one carrier in Europe, establishing eServGlobal in the next generation networks and IP/VoIP fields. • Engaged in the CALA (Central and Latin Americas) market with major billing and infrastructure partners, first sales contract now in negotiation. Financial Summary About eServGlobal eServGlobal Limited (ASX: ESV & LSE: ESG) provides independent and flexiblenetwork intelligence systems to telecommunications carriers worldwide,specialising in large-scale, high performance telecoms service controlenvironments, supporting voice and data services, for fixed-line, mobile and IPcarriers. eServGlobal's solutions provide more capacity with more function, at lower costand enable customers to drive subscriber revenue whilst reducing the cost toserve. Headquartered in Sydney, Australia, eServGlobal has operations in Belgium,India, Indonesia, the Netherlands, New Zealand, Poland and the UK. Moreinformation can be found at: http://www.eservglobal.com Cautionary statements Statements in this document expressing the beliefs and expectations ofmanagement regarding future performance are "forward-looking statements" withinthe meaning of the United States Private Securities Litigation Reform Act of1995. These statements are based on management's expectations as of the date ofthis document and are subject to uncertainty and changes in circumstances.Actual results may differ materially from these expectations due to risks anduncertainties including, but not limited to, uncertainty in communicationsspending, the implementation of the Company's strategic repositioning and marketacceptance of the Company's new solutions strategy, six-monthly fluctuations infinancial results, the Company's ability to exploit fully the value of itstechnology and its strategic partnerships and alliances, the availability ofproducts from product component vendors and other risks. In addition, whilemanagement may elect to update forward-looking statements at some point in thefuture, management specifically disclaims any obligation to do so, even if itsestimates change. Any reference to our website in this press release is notintended to incorporate the contents thereof into this press release or anyother public announcement. Contact:John Hartigan Company Secretary & Chief Financial Officer +61 2 9364 2700 info@eservglobal.com 29 August, 2005 Paste the following links into your web browser to download the PDF documents related to this announcement: ASX.LSE Market Release Final FY05 Announcement 29 Aug 2005http://www.rns-pdf.londonstockexchange.com/rns/5662q_1-2005-8-30.pdf Appendix4E_June 2005 for Release Final 29 Aug 2005http://www.rns-pdf.londonstockexchange.com/rns/5662q_2-2005-8-30.pdf ASX.LSE Chairmans Overview and CEOs Report (2) Final 29 August 2005http://www.rns-pdf.londonstockexchange.com/rns/5662q_3-2005-8-30.pdf StatAccounts_2005_v10 0_Finalhttp://www.rns-pdf.londonstockexchange.com/rns/5662q_4-2005-8-30.pdf ASX LSE Analysts Presentation FY05 Results 29 Aug 05 (2)http://www.rns-pdf.londonstockexchange.com/rns/5662q_5-2005-8-30.pdf This information is provided by RNS The company news service from the London Stock Exchange