Wednesday, 24 August 2005 05:01

SMS Management & Technology delivers eight figure results

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Business and technology services provider, SMS Management and Technology (ASX:SMX) has joined the ranks of the emerging eight figure revenue brigade of Australian technology companies, posting a 33% increase in revenue and 34% increase in net profit for 2005.

SMS delivered a net profit after tax and goodwill amortisation of $6.7 million and revenues of $110.7 million, most of which was earned in Australia, while relatively small revenues totalling about $8 million were earned in the UK and Singapore.

SMS also exceeded its recruitment target, recruiting 100 staff over the year to bring total staff (including contract staff) to 795 as at 30 June 2005. In order to meet continuing market demand, SMS plans to recruit a further 130 staff in FY2006.

SMX shares rose 6.5c to close on $1.945 in light trading.


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Stan Beer

 

Stan Beer co-founded iTWire in 2005. With 30 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

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