Wednesday, 25 August 2021 10:45

2021 was a good year for CPT Global


IT consultancy CPT Global has just had its best year since listing on the ASX in 2000.

CPT Global was founded in 1993 to provide IBM mainframe capacity planning, performance tuning, and testing services.

Over the years it expanded into other platforms, to international markets such as North America and Europe, and into additional practice areas, notably IT management consulting.

The company's focus is now on transformation, assurance and optimisation.

CPT has bounced back strongly after reporting a loss in 2020.

"FY2021 was a year of records: the $3.4m profit after tax, 33% revenue growth and 10.2% net profit margin were our best results as an ASX listed company," said founder and managing director Gerry Tuddenham.

These results, he noted, were achieved without government support in the form of JobKeeper or the US's Paycheck Protection Program.

The company declared a $0.03 per share fully franked dividend, to be paid on 30 September 2021. This brings the full year dividend to $0.05, giving a yield of 10.4% including franking credits (based on a share price of $0.65 – at the time of writing it had slipped to $0.61).

In his letter to shareholders, Tuddenham said CPT had invested in a digital marketing capability, and had demonstrated its remote delivery capability.

"We expect a new equilibrium between onsite and remote delivery to emerge in the coming months, and CPT is well positioned to meet our clients’, staff and business needs," he said.

Tuddenham also pointed to CPT's five-year plan to develop software to automate, enhance and scale the company's business; to licence those tools to clients; and then sell the software on a SaaS basis to third parties.

This "could be a genuine game changer", he said.

Tuddenham reminded shareholders that he will be stepping down as managing director on 1 November 2021. Luke Tuddenham will take over as CEO.

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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