Datacom Group has reported a strong year of progress and substantial lift in profit for the year ending 31 March 2014. The Australasian information technology company, with headquarters in New Zealand, said its group profit before tax totalled $64.7 million compared to last year’s $50.9 million, an increase of 27 per cent. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe Operating profit before gains on assets divested was in line with last year, with overall revenue up by 1.3 per cent from $870 million to $881 million. Datacom also announced the appointment of Theresa Eyssens as CEO of Datacom Systems Australia. Previously, she was with IBM as head of the Natural Resources Industry Sector team in Australia and New Zealand. Theresa Eyssens, Datacom Systems Australia CEO “Overall, the Group maintained a 10-year compound annual growth rate of 12.5 per cent for revenue and 11 per cent for profit; this result demonstrates the sound strategic direction of the company and the long-term financial stability of the Datacom Group,” Group Chairman Craig Boyce said in a statement. Revenue for Datacom New Zealand rose by 12 per cent to $466 million for the year. This was achieved, it said, through growth in the core service lines of software development, IT management and data centres across all locations, the company said. While customer requirements are evolving with virtualisation and cloud adoption, Datacom’s regional data centre network is a core platform to enable further competitive growth in the emerging as-a-service delivery paradigm. Jonathan Ladd, Datacom The New Zealand payroll business increased its total payee base by over 12 per cent, while the business process outsourcing division, which is now organised on a trans-Tasman basis and named Datacom Connect, hit all its targets. In March 2014, Datacom acquired Origen Technology, a Tauranga-based supplier of software and services to local government. This business operates under Datacom Solutions, the business unit focused on providing IT products and services to the local government, payroll, education and other sectors in the future. Datacom has a network of 12 data centres in all major Australian and New Zealand cities. Seven are owned and operated by Datacom and five are partner facilities. “While customer requirements are evolving with virtualisation and cloud adoption, Datacom’s regional data centre network is a core platform to enable further competitive growth in the emerging as-a-service delivery paradigm,” said Datacom Group CEO Jonathan Ladd. Send news tips and comments to divina_paredes@idg.co.nz Follow Divina Paredes on Twitter: @divinap Follow CIO New Zealand on Twitter:@cio_nz Sign up for CIO newsletters for regular updates on CIO news, views and events. Join us on Facebook. Related content feature The year’s top 10 enterprise AI trends — so far In 2022, the big AI story was the technology emerging from research labs and proofs-of-concept, to it being deployed throughout enterprises to get business value. This year started out about the same, with slightly better ML algorithms and improved d By Maria Korolov Sep 21, 2023 16 mins Machine Learning Machine Learning Artificial Intelligence opinion 6 deadly sins of enterprise architecture EA is a complex endeavor made all the more challenging by the mistakes we enterprise architects can’t help but keep making — all in an honest effort to keep the enterprise humming. By Peter Wayner Sep 21, 2023 9 mins Enterprise Architecture IT Strategy Software Development opinion CIOs worry about Gen AI – for all the right reasons Generative AI is poised to be the most consequential information technology of the decade. Plenty of promise. But expect novel new challenges to your enterprise data platform. By Mike Feibus Sep 20, 2023 7 mins CIO Generative AI Artificial Intelligence brandpost How Zero Trust can help align the CIO and CISO By Jaye Tillson, Field CTO at HPE Aruba Networking Sep 20, 2023 4 mins Zero Trust Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe