Fronde returns to the black following strong 2015

Fronde returns to the black following strong 2015

Australian revenues contribute to improved profitability.

Fronde has registered a profit following a $4.77 million turnaround in revenues for its last financial year.

“Fronde has turned its financial performance around following a challenging period," Fronde CEO, Anthony Belsham, said.

"We have achieved profit before tax of $1.42m. This means an impressive turnaround of $4.77m of profit before tax for the year ending 31 March 2016."

Belsham said the company’s Australian business is profitable for the first time, with revenue growing by 19 per cent to $12.48 million in the period, while overall revenue was $57.43 million, a decrease of 3.6 per cent.

The company attributed this to reorganisation of its offerings to increase profitability long term.

Anthony Belsham - CEO, Fronde
Anthony Belsham - CEO, Fronde

Belsham said the company achieved the results by focussing on customers and the marketplace, improving capabilities, its skills mix and capacity.

“Our continued focus on aligning costs with revenue is now yielding results,” he added.

“Our strategy to focus on achieving outstanding business results for our customers is now maturing. Our ability to provide an end-to-end solution including legacy, mobile and cloud (IaaS, PaaS, SaaS) solutions with design, development, integration, and support is second to none.

"Our heritage combined with our leading technologies and passion to see customers succeed, lets us provide the best solutions to help them accelerate ahead of their competitors."

Belsham said Fronde is on a "growth path" and actively looking to recruit "top talent" in both Australia and New Zealand.

"We are in an ideal position to continue this strong growth and we look forward to an exciting year ahead," he added.

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