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FightBack ’09 Update: New hires and strong financials

FightBack ’09 Update: New hires and strong financials

Updating the latest good news stories to hit the ARN news desk amidst the doom and gloom of the global economic meltdown

In a week that saw ASX-listed services provider, Oakton (ASX:OKN), report a drop in net profits of almost 50 per cent and continued misery emanate from the powerhouse economies of Europe, Japan and the US, there were a handful of positives from the Australian IT market to hit the news desk.

First off the rank was Distribution Central with its plans to pump up its staff count on the back of the recent launch of a new unified communications business unit, Unity Systems.

Marketing director, Nick Verykios, said the company would look to hire up to 15 staff across the business, with six of them joining the unified communications unit.

ASX-listed integrator, CSG (ASX: CSV), also joined the ranks of Australian organisations like telco, Clever Communications, and retailer, JB Hi-Fi, bucking the economic downturn and posting strong half-yearly results.

In a release to the ASX, the Northern Territory-based player cited a revenue increase of 45 per cent year-on-year to $85 million, and net profit after tax of $11.1 million, up 36 per cent. The news reflected a continued period of growth for CSG, which acquired Commander’s managed services business and education ISC, CingleView last year.

Meanwhile, Westcon Group forecast growth during the last quarter of its financial year and is sticking with its go-to-market priorities despite the global economic downturn.

In an exclusive interview with ARN, the distributor’s local general manager, Wendy O’Keeffe, said the company expected to chalk up single-digit growth in the year to March 31.

The results of the ARN Business Index were a mixed bag. Respondents indicated they were expecting a tough 12 months ahead, but were also positive about their own prospects in the short- and long-term.

And although not market related, the IT industry is also trying to help victims of the Victorian bushfires fight back. The Australian Information Industry Association (AIIA) is working with the support of Computers Off Australia and the Australian Computer Society (ACS) to provide free, fully operational computers to families and small businesses devastated by the Victorian bushfires.

Fight Back ’09 is an ARN initiative to spotlight the good news stories that hit the news desk amidst the doom and gloom in the Australian market. Business conditions are tough, but smart business can thrive. And at ARN we want to spotlight those Australian companies and entities that are fighting back. So take a step forward and visit Fight Back ’09.


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