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Dimension Data Australia posts $6.1M loss

Dimension Data Australia posts $6.1M loss

IT services provider publishes last result before the global rebranding

Credit: Dreamstime

Dimension Data Australia has posted a net loss after tax of $6.1 million for the financial year ended 31 March 2019.

Dimension Data, which has since the reporting period rebranded to NTT, changed its financial reporting period last year to adjust to it of its parent company NTT. According to the new results, the company received a tax benefit of $1.5 million bringing the loss down the $7.6 million before tax.

Revenue for the year was $1.3 billion, more than double the previous result of $563 million. However that only covered the six months between 30 September 2017 to 31 March 2018.

Most of the company's revenue originated from products amounting to $612 million. Managed services generated the largest amount of revenue, totalling $206 million. This was followed by consulting services ($190 million), support services ($170 million) and technical services ($92 million).

As previously reported, Dimension Data rebranded to NTT in 1 July and subsequently appointed Jason Goodall as its global CEO.

Nippon Telegraph and Telephone (NTT) kept Steve Nola in the top role as CEO in Australia. Nola was previously the CEO of Dimension Data Australia and was also the founding CEO of Dimension Data Cloud Solutions business unit in 2011.

Previous Dimension Data APAC CEO, John Lombard, will also retain the same role under NTT.

Following the reporting period, the company was awarded a $7 million contract to overhaul contact centre services for the NSW public housing agents.

The newly-merged Department of Communities and Justice tapped the provider to implement and manage Genesys Pure Engage Cloud (PEC) due to its previous system being unable to handle the number of staff users.

In May was revealed the value of the deal awarded to Dimension Data by the Australian Prudential Regulation Authority (APRA). DiData was selected as part of an international consortium to replace its existing data reporting system D2A which will see the provider receive $13.7 million for the work.



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