Menu
Empired announces full year earnings of $2.61m

Empired announces full year earnings of $2.61m

Credits the success to the introduction of its specialised Cloud Services offering FlexScale

IT services company, Empired (ASX:EPD), recently announced its full year EBITDA of $2.61 million, an increase of 103 per cent when compared with the same time last year.

Its net profit after tax grew by 531 per cent to $1.3 million, delivering fully diluted earnings per share of $0.022.

The results follow a string of new contracts and the recent announcement of its acquisition of Western Australian IT consulting services provider, Conducive, for $7.95 million.

The company credited the success to the introduction of its specialised Cloud services offering, “FlexScale”, which it claimed was a major factor in its increased revenue to $44.7 million – up 12 per cent.

“The transformational shift toward Cloud computing is now upon us. This strategic investment has placed us ahead of the curve and ensures we are well positioned to benefit as the consumption of IT services shifts to a Cloud based model,” Empired managing director, Russell Baskerville, said.

Looking forward to the new financial year, Empired will be looking to grow its contracted recurring income through its managed services contracts.

“In addition to our ongoing investment in expanding our managed services and operational capabilities, Empired is committed to strategic investments in Cloud computing, application services and building domain expertise in energy and natural resources,” Baskerville said.

He is confident that with sound financial performance, a strong business model and a range of key strategic investments, Empired will deliver further revenue, earnings and earnings per share growth in the year ahead.

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Upcoming

Slideshows

IN PICTURES: ARN Roundtable - Connected collaboration: the mobility story

IN PICTURES: ARN Roundtable - Connected collaboration: the mobility story

A select group of key players in the mobility space came together at Est. in Sydney to discuss the major trends, plays, problems and state of the mobility sector. A lively debate criss-crossed the mobility arena as attendees examined its potential. Photos by Editorial Director, Mike Gee

IN PICTURES: ARN Roundtable - Connected collaboration: the mobility story
IN PICTURES: Huawei Australia Roadshow 2015 - Sydney (+32 Pictures)

IN PICTURES: Huawei Australia Roadshow 2015 - Sydney (+32 Pictures)

Huawei Australia held its annual partner roadshow at Sydney's famous Randwick Racecourse. Partners, customers and analysts were all invited to hear from Huawei's experts on the state of the telecommunications industry, its work in the channel, and the future of software-defined, Cloud and 5G Networks. Photos by Allan Swann

IN PICTURES: Huawei Australia Roadshow 2015 - Sydney (+32 Pictures)

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments