ASX-listed integrator, Empired, has rounded out a strong year with a positive financial result.
The company posted a 72 per cent increase in revenue up to $32.63 million, with pre-tax earnings also up four per cent to $1.23 million. Significantly, it also increased its long-term contracted recurring revenue by 101 per cent.
In an ASX statement, Empired managing director, Russell Baskerville, said he was pleased with the results.
“The reduced EBITDA margin and low utilisation in the second half was expected due to a significant reduction in project volumes without a direct corresponding reduction to Empired’s workforce,” he said in the release. “Empired’s management identified a lack of demand for project-related services late in the first half of FY2009 as a result of the global financial crisis. We undertook swift action to reduce the impact to earnings and our overall risk profile.”
The results round out a good year for the integrator, which also posted positive half-yearly results to the ASX. Its year included a number of significant contract wins, and increased vendor-partner engagement with NetApp.