KAZ Computer Services has announced bumper financial year results, including a 49 per cent increase in profits.
KAZ reports operating revenue for the year ending June 30 2000 came to $61.1 million, which was six per cent ahead of its prospectus forecast.
The ASX-listed company managed to achieve an operating profit after tax of $4.6 million, 212 per cent higher than the 1999 year.
Figures aside, the company has reached other business goals including the completion of its Singapore Data Centre, staffing its Singapore business and signing initial outsourcing contracts with Perkins Engines and Givaudan.
During the months leading up to June it expanded its Australian operations with the acquisition of Ausdata Group and South Australian-based IT services company Change Management.
To top off the year to June, Kaz scored a $15 million software development contract with a consortium of Australian superannuation fund managers which will see KAZ offerings marketed throughout the world.