BigAir reaps financial rewards from UC, Cloud, managed services investments

Organic growth and acquisitions lead to significant increases in revenue, EBITDA, profit

BigAir's Jason Ashton.

BigAir's Jason Ashton.

The combination of strong performances in community broadband and fixed wireless alongside investments in unified communications (UC), Cloud, and managed services has resulted in significant improvements to BigAir’s financials.

The telecommunications company reported a revenue spike of 40 per cent to $41.7 million, a jump in earnings before interest, tax, depreciation, and amortisation (EBITDA) of 25 per cent to $15.1m, and a net profit after tax (NPAT) increase of 14 per cent to $6.3m for the 12 months to June 30.

“The substantial increase in revenues over financial year 2014 was driven by a partial consolidation of the three acquisitions made during the year, as well as organic growth in BigAir’s existing business,” BigAir managing director, Jason Ashton, said.

BigAir purchased market competitors Intelligent IP, Anittel Communications, and Star-Tech during the fiscal year for $20m, $6.5m, and $1.2m, respectively.

Intelligent contributed $5.6m in revenue since October 1 last year and Anittel added $5.3m since February 1, while Star-Tech is expected to provide EBITDA of $450,000 per annum.

“The financial year just ended was a year of transformation for BigAir as we made strategic investments in the UC market, and also the Cloud managed services markets,” Ashton said.

“Through the acquisitions of IIPC and ACPL the company has acquired a set of highly valuable infrastructure and intellectual property assets which are highly complementary with its traditional data networking business.”

The telco claims the new divisions will contribute to future organic growth from a new set of customers, as well as cross-selling opportunities with existing clients via new products.

Given the financial performance, the BigAir board has declared a fully-franked final dividend of $0.011 per share, up 10 per cent on the previous corresponding period, to be paid on September 30.

BigAir expects to maintain its growth trajectory in fiscal 2015.

Read More:

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 resellerAnittel Communicationswirelessstar-techrevenueTelcoprofitJason Ashtonfixed linebigairfinancialsvendorIntelligent IPacquisitionsEBITDATelecommunications

More about Anittel

 

Latest News

Feb 27
Bulletproof revenues up 46 per cent, AWS plays significant role
Feb 27
NEXTDC wins worldwide award for design excellence
Feb 27
Multimedia-savvy HTC phablet launches in Australia, from $499
Feb 27
The changing face of the datacentre
More News
04 Mar
2015 International Women's Day Melbourne Luncheon
25 Mar
2015 International Women's Day Sydney Luncheon
26 Mar
Navigating the Internet of Things Summit
26 Mar
Navigating the Internet of Things Summit
View all events