Eservglobal Ltd (AX:ESV) FY15 results reflect the impact of the restructuring programme undertaken to reduce the cost base and streamline the sales and implementation process. With a materially lower cost base and high margin deals in the pipeline, the company is targeting revenue growth and EBITDA and operating cash break-even in FY16. Evidence that the core business is winning new business and starting to generate cash will be the key to share price upside from this point.
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