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.
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 firstname.lastname@example.org
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.