Thursday, 25 August 2016 16:38

Empired revenues up, boosted by strong growth in digital services

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IT solutions provider Empired has lifted revenue by 25% to $160 million for the 2016 financial year on the back of strong growth of 132% in digital services revenue.

Microsoft Dynamics services were up 31% for the 12 months to the end of June, and data insights grew 27%, with Empired also reporting "strong" organic growth in infrastructure services.

The Perth-based company managed to reduce losses, reporting a full-year net loss after tax (NPAT) of $1.72 million, compared to a net loss of $3.7 million for the first half to the end of December 2015.

Empired revenues for the FY 2015 were $128 million, an increase of 92% in the year.

Empired attributed the poor first half 2016 performance to consolidation, acquisition integration and organisation alignment.

“Following significant integration activities and disappointing earnings in the first half we are pleased to report a strong recovery in the second half,” Empired managing director Russell Baskerville said.

“Importantly we have experienced pleasing operating cash flow in the second half significantly reducing our net debt level.

“High levels of contracted revenue, a healthy sales pipeline and services aligned to growth segments of the market provide us confidence in delivering a strong financial performance in the coming year,” Baskerville said.

Here’s what Empired sees as its FY16 Highlights:

• Revenue growth of 25% on prior year;

• Organic revenue growth of 9% on prior year;

•55% of revenue generated from long-term multi-year contracts or recurring/support style revenue;

•Investments in Data Analytics, Digital and Microsoft Dynamics resulted in  outstanding growth across all three service offerings;

• Made strategic investments in cloud, mobility and cohesion during the year;

•Transitioned in $35m of strategic annuity based contracts;

•Cohesion market share accelerated to 4500 users within NZ government with strong growth anticipated in FY17;

• Implementation of an integrated operating/organisational model across Australia and New Zealand; and

• Implemented a portfolio-based sales organisation across Australia.


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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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