Empired posts jump in net profit, revenue

Revenue mix to include higher margin services pays off

Australian IT Services Company, Empired Ltd., has posted a 79 per cent increase in net profit after tax (NPAT) to $1.2 million for the first half.

Its revenue for the period stood at about $26 million up nine per cent from last year; its Ebitda rose 65 per cent to $2.3 million compared to the same period last year.

Founded in 1999, the ASX-listed Empired has offices in Melbourne and Brisbane and a team of over 300 employees.

Empired Managing Director, Russell Baskerville, said that Empired has had a strategy to shift its mix of revenue to higher margin services, which has translated into its revenue growth of 58 per cent compared with the previous corresponding period.

He said the company’s growth in services revenue is attributable to contracts with large existing customers and new managed services clients.

"Over the previous years we have invested strategically to allow Empired to successfully compete in multi-year, multi-million dollar managed services opportunities,” he said. “We are now reaping the benefits of this investment with improved margins, higher levels of contracted income and the strongest sales success in major services deals in the company’s history - with a further $100 million in identified qualified contracts available in the next six months.”

Empired is also targeting the utilities sector, where we are seeing strong forward demand, he said. Empired is continuing to invest in evolving its service offerings, with a key focus on Cloud computing services. Its managed services business, now across both applications and infrastructure, remains a key differentiator and growth engine.

During the half year, Empired acquired Conducive Pty, a specialist consulting and applications firm in the energy and natural resources sector.

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags empired

More about Conducive

Show Comments
 

Latest News

02:41PM
PernixData sets its sights on A/NZ
01:13PM
Exclusive: Huawei sponsors AFL's Gold Coast Suns
12:40PM
Cloud drives 40 per cent channel growth for Kaseya
12:36PM
Hyland names Bob Dunn as first country manager for Australia
More News
14 Apr
Dell Solutions Tour Melbourne
15 Apr
LIVE WEBCAST Websense 2015 Threat Report: 8 High-Risk Lessons
21 Apr
APJ Progress Spark Conference
22 Apr
2015 Innotribe Startup Challenge
View all events