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Resource sector IT service provider Empired Ltd posts record revenue

Resource sector IT service provider Empired Ltd posts record revenue

Empired Ltd records net profit of $2.1 million, up 68 per cent from previous year

Resource sector IT service provider Empired Ltd today posted record revenue off the back of a deal to provide Cloud services to the world’s largest gold miner.

The Perth-based company, which recently secured a multi-year, multi-million dollar deal with Barrick Gold, reported a net profit of $2.1 million, up 68 per cent, and $48 million in revenue.

Earnings per share continued its consistent year-on-year growth performance, delivering 0.0304 per share, up 41 per cent on the previous year.

The board also declared a final fully franked dividend of $0.005 per share. Managing director, Russell Baskerville, said despite Australian industrials facing challenging headwinds the business had continued to deliver strong growth in all key financial metrics.

“Our ‘flexscale’ Cloud offering is proving to be a genuine differentiator, improving our win rate and margins on major managed services contracts,” he said. “Our investment in Cloud computing solutions was vindicated during the year with a multi-million dollar deal to provide cloud services to Barrick Gold, the world’s largest gold miner.”

Mr Baskerville said the company had was looking to continue its shift to providing application services.

“During the year we also expanded our service offerings to include application services through the acquisition of Conducive Pty Ltd,” he said. “This business exceeded our expectations in all areas and today over 60 per cent of the major contracts we will contest in FY14 will be based around Application Services.”

Read more: Empired inks $20 million Rio Tinto deal

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Tags Barrick GoldConducive Pty Ltdcloud servicesRussell baskervilleFlexscaleEmpired Ltd

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