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ASG strengthens managed services revenue

ASG strengthens managed services revenue

Revenue rose 12.6 per cent to $88.2m, EBITDA was up 14.4 per cent to $12.7m, but NPAT fell 1.8 per cent to $5.6m

ASG's Geoff Lewis

ASG's Geoff Lewis

In the past 12 months, ASX-listed ASG Group (ASX:ASZ) has signed more than $200 million worth of contracts.

New customers accounted for $130 million, with the remaining $70 million deriving from existing re-signed contracts.

At the close of the first half of FY16, ASG secured a $29 million desktop-as-a-service deal with the Department of Finance.

“Our new world offering is an integral part of our core managed services business model, resulting in long term engagements and locked in revenue streams,” ASG CEO, Geoff Lewis, said in a statement. “As we continue to move into the delivery phase of deals that were won in FY15 and FY16, our revenue stream will strengthen into FY17, FY18 and beyond.”

For the first half of FY16 ending December 31, ASG’s revenue rose 12.6 per cent to $88.2 million. Reported EBITDA was up 14.4 per cent to $12.7 million, but net profit after tax took a slight 1.8 per cent fall to $5.6 million.

During FY16, ASG expects to maintain a revenue guidance of $185 - $190 million.

“ASG is at the forefront of delivering a consumption-based, utility model to the Australian marketplace and we are anticipating that over 80 per cent of our new contracts are set to be ‘new world’,” he said.

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