Recruitment Market Segment LS
Recruitment Market Segment RS
Friday, 23 February 2007 16:54

Finite IT records solid growth

By
Finite IT Recruitment Solutions has posted strong results for the period July – December 2006. Group Turnover (including subsidiary FinXL IT Professional Services) for six months to December 06 increased to $73 million (35%up from $54 million for the same period in 2005).

Contracting / Consultancy revenues grew at 34%; Permanent revenues (including executive recruitment) grew at 55%.

Commenting on the performance, Finite’s Managing Director, Tracy Thomson, said: “Finite is well positioned to continue to fully service the Australian (and increasingly the Asia Pacific) IT sectors through its “IT only” focus.  Bearing in mind that our growth is purely organic and not through acquisition, we continue to attract additional new key client accounts that have created an additional eight new full time positions within the last two months alone.

"We forecast that revenues will continue to grow on the back of the continuing buoyancy of the Australian and global IT sectors. There is continued strong demand for contracting and consultancy services, particularly within the Telco, Government and Financial Services sectors, and the demand for IT permanent and executive recruitment services is also accelerating, particularly within the Vendor and Financial Services sectors”.

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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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