Bulletproof sees growth in Cloud services

Bulletproof sees growth in Cloud services

Revenue jumped from $11.4 million in the first half of FY15 to $21.6 million

Credit: Dreamstime?

ASX-listed Bulletproof, (ASX:BPF) has seen growth across all areas of its business for the first half of FY16 ending December 31.

Revenue jumped from $11.4 million in the first half of FY15 to $21.6 million. EBITDA also went from $2.5 million to $3.1 million and net profit went from $808,000 to $1.1 million.

Managed Cloud revenues were up 72 per cent from H1 FY15.

During the first half of FY16, Bulletproof scored new customer contracts with Barbecues Galore, Nestle Australia, Minter Ellison and Fred Hollows Foundation.

“Bulletproof’s strategic acquisitions and organic growth initiatives to bring comprehensive end-to-end Cloud services to the market, continue to deliver revenue and profitability growth well above market trend,” Bulletproof CEO, Anthony Woodward, said.

“Our rapidly growing professional services practice resulted in once-off revenues growing over 300 per cent compared with H1 FY15, as the demand for partnering to migrate applications picks up across the entire customer base.”

Bulletproof’s acquisition of Infoplex helped to strengthen its private Cloud offering being a ISO27001 certified private Cloud platform. Bulletproof said it had a strong appeal to customers seeking to migrate from on-premise or private data centres to take advantage of Cloud, while meeting regulatory and compliance requirements.

It’s recent acquisition of Cloud House in New Zealand will drive Bulletproof’s cloud services revenue that will equate to about four months contribution in the second half of FY16.

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