Top 10 performing Australian channel companies in FY10
- 22 October, 2010 12:08
The dust may still be settling from some of the effects of the GFC, but these Australian companies put on a stunning performance as shown in their FY10 results – profit wise.
The Queensland-based integrator, Data#3, is now on the look out for acquisitions after posting positive FY10 results. It increased its revenue by 13 per cent, raking in $599.2 million and posted $10.9m net profit, which was up by 11 per cent year on year.
The integrator recently bought another SAP integrator and expects FY11 to be even better than its full year profit for FY10. Net profit was up 9 per cent to $12.3 million.
The distributor cited it had experienced a tough second half of FY10, due to the challenges presented by the Oracle / Sun acquisition. itX still managed to pump up its net profit by 3.8 per cent to $7.58 million.
IT services company, DWS Advanced Business Solutions, expressed caution mid-year citing uncertainty caused by the federal and state elections as well as the possibility of a second round of the GFC. Despite these concerns, net profit was up 16 per cent to $18.52 million.
After suffering a huge financial blow several years back, IT components manufacturer and distributor, Legend Corporation, is on its way back up. In FY10, it recorded a net profit increase of 45 per cent to $6.6 million.
The IT services provider reported a strong year’s profit of $20.2 million, a 42 per cent increase from the previous year. Managing director, Neil Wilson, said the result reflected its ability to successfully deliver its strategy.
The telecommunications services provider exceeded guidance to achieve an increase of 119 per cent net profit to the tune of $16.16 million. Revenue was also up - 101 per cent to $406.11 million. The M2 board has advised more conservative growth projections for FY11. It anticipates a seven per cent revenue hike and a 41 per cent NPAT.
At the same time as it had announced its FY10 results, SMS revealed it was in due diligence, potentially looking at two targets to bolt on to its growing base. For FY10, net profit was up 15 per cent to $27.9 million.
Vita Group, the owners of Apple reseller, Next Byte, saw strong growth return to the business due to iPad sales. The Group’s net profit was up 42 per cent to $7.7 million.
The services provider managed turn its profits around from the previous year when it suffered a $1.1 million loss, to $780,000 positive. It also mentioned its services revenue had also ramped up by 15 per cent after experiencing its strongest Q4 in its history due to some substantial government contract wins.