Hostworks’ revenues surge
Hosting provider, Hostworks, has announced a significant increase in revenues on the back of some fresh acquisitions during the six months ended December 31. The group reported a 29.5 per cent increase in contracted operating revenues in the half-year. The acquisition of Dimension Data Central (DDC) last October boosted Hostworks’ revenue to $5.86 million, up from $4.53 million for the corresponding period last financial year. Due to one-off costs of acquiring DDC, plus the effects of amortisation, the group recorded a first half earnings before interest and taxes loss of $147,425. However, the report points out that this was a 68 per cent improvement from its loss of $465,858 during the corresponding period last year. Prospects for the second half-year were strong, managing director, Marty Gauvin, said. “Major clients including ninemsn and Ticketek have extended their contracts with us, while the DDC acquisition offers attractive new revenue streams for the group,” he said.
WebCentral also on the up
Web hosting company, WebCentral, has increased its revenues and profits for the half-year ending December 31. The company reported that its revenue was boosted by 38 per cent to $17.7 million, with an after tax profit of $900,000. Earnings before interest, taxes, depreciation and amortisation for the half-year increased 70 per cent to $4.5 million from $2.65 million for the same period in 2002. WebCentral CEO, Lloyd Ernst, said that the company’s revenue and profit figures were improving with each passing quarter, and he was confident that the current half would also yield strong results. “We have extended the breadth and depth of our wholesale channel by signing a new contract with a leading Australian telecommunications company,” he said. Ernst refused to comment on who the contract was with.