Aussie-based eServGlobal, which supplies intelligent networking (IN) software and services to international telecom carriers, turned a £2.1 million loss into a £52,000 pre-tax profit in the six months to December, which saw sales surge 54 per cent to £7.2 million, writes Robert Tyerman.

According to executive chairman Ian Buddery, the highlight of the first half year for fully listed eServGlobal, which is also quoted Down Under, was winning a contract to provide 'a major real-time convergent billing solution in India'. He says this deal demonstrates the company's 'unique ability' to deliver massive-scale systems to the new generation of real-time carriers.

With its head office in Sydney, eServGlobal, which listed on the London Stock Exchange in 2004, runs operations in Britain, Belgium, Holland, Germany, Poland, Indonesia and New Zealand. Buddery is bullish about the second half year, which the company entered 'with a substantial revenue backlog and a large sales pipeline of new opportunities'.

He maintains eServGlobal's business is now more efficient than before, with product strategy and project delivery producing 'higher-quality revenues' and capacity growing to match revenue. At 42p, the shares were 3.5p up this morning and have scope for further growth.