Unified communications and ICT Consulting services provider, Amcom, has posted $20.8 million in net profit after tax for full year ended June 30, up 25 per cent from a year ago.
Its revenue rose 36 per cent to about $157.7 million in the same period.
About 40 per cent of its sales comprise channel sales.
For financial year 2014, the company expects a double digit growth in net profit after tax over this year. Its core data networks business is expected to remain strong and will be complemented by an increasing contribution from newer offerings such as Cloud Services and the Hosted Collaboration Services (HCS) partnership with Cisco Systems, which was announced earlier this year.
Amcom’s revenue from telecommunications increased 11 per cent to $83.4m and its Ebitda grew by 18 per cent to $37.8m.
Its hosted and Cloud services segment posted a revenue increase of nine per cent to $25.9m. Its hosted and Cloud services segment includes products of Cloud, IP Telephony and data centre operations.
Overall, Amcom had a recurring revenue base of about $106 million as of June 30.
Amcom CEO, Clive Stein, said the results marked another year of delivering a 20 per cent plus growth in underlying net profit after tax.
“Amcom is focused on building annuity style revenue streams across both existing and developing lines of business which provides a degree of predictability in forward earnings,” he said in a statement. “We operate in a constantly changing industry and we have proven our ability to predict and capitalise on the convergence between the telco and IT sectors.”
