Melbourne IT’s half year results for the six months ending 30 June, released this week, show an 11 per cent year-on-year decreased in revenue to $87.6 million and earnings before interest and tax (EBIT) of $7.0 million, down 30% year-on-year. But the organisation predicts brighter days ahead with 17 companies confirming they will apply for a new generic Top Level Domain in 2012.