NT-based CSG makes good on growth states

NT-based CSG makes good on growth states

Managed services company says it will continues to look to organic growth and acquisitions in 2009

CSG has chalked up strong end-of-year results

CSG has chalked up strong end-of-year results

A combination of organic growth and acquisitions has helped ASX-listed integrator, CSG (ASX: CSV), chalk up strong end-of-year results.

The NT-based company’s revenues leapt 74 per cent to $132.6 million for the year to June 30. Pre-tax earnings were also up by 78 per cent year-on-year to $33.4 million, while net profits increased by 71 per cent $18.8 million.

CSG CEO, Dennis Mackenzie, said its four acquisitions over the past year were significant contributors to growth. They included Perth-based consulting services firm, Change Corporation, in December and Melbourne-based HP reseller, Anadex, in September last year

The focus for the next year was on continuing this strategy, he said.

CSG runs three separate business units – Infrastructure/Outsourcing, Application Services and Print Management. Mackenzie claimed all offered annuity business opportunities.

“We’re happy with the growth for this year. In the next year we’ll be looking at further opportunities for acquisitions, especially around the Infrastructures and Outsourcing part of our business where a few opportunities have recently come up – we’re interested in some of Commander/Volante’s managed services for instance,” Mackenzie said.

The company’s acquisition of ATI in Canberra last week would ramp up CSG’s Print Management division, he said. The immediate focus was to capture more print management business.

Despite industry predictions of an economic slowdown, Mackenzie said CSG had not experienced a downturn across any of its business units.

“A lot of our business comes from long-term contracts and growth states such as WA, Queensland and the NT. Ninety per cent of our revenue comes from those growth states, so we haven’t seen any drop in business,” he said.

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