Shares in UK telephony and workforce management software specialist Telework leaped as the company announced its first interim results following its August flotation.
Telework's first-half turnover was up 26 per cent to £10.4m and pre-tax profits rose 93 per cent to £2.76m on the same period last year. Its share price rose from around £130 to nearly £152 following the announcement.
In its results statement, the company said:"There has been a marked upturn in sales activity and prospective order pipeline."
Telework listed on the London Stock Exchange on 3 August, raising £16.8m to finance acquisitions and develop products including its application service provider infrastructure.
Based in Milton Keynes, the company has two divisions - Workplace, which specialises in workforce management applications, and TeleWare, which develops software for computer telephony, unified messaging and interactive voice response.
Customers include Abbey National, American Express, British Airways, Cable & Wireless, Dresdner Kleinwort Benson, Lloyds TSB, Motorola, PriceWaterhouseCoopers, Reuters and Vodafone.
By Candice Goodwin