Wednesday | 9 July, 2008
Computerworld

Half measures
Aussie ICT companies take positive views while reporting their half year results
Len Rust 10/03/2008 10:17:55

Computerworld Buyer's Guide - Vendors Matched to this Article
Additional Resources
Executive Guides
Whitepapers
Zones
Zone logoZones provide focussed content from Computerworld and leading technology partners.

Newsletter Subscription

Sign up for our Computerworld newsletters!
Computerworld's twice-daily news service keeps you in touch with the latest, most important headlines from Australia and around the world.
Keep up with the latest virtualization technologies, products, news and features.
RSS Feeds

Growing revenues from new products and services, stronger balance sheets, acquisitions paying off, and positive outlooks for the rest of the year are the messages in the recent releases of the first-half results. Aussie vendors' half-year financial results appear to be on track to deliver full-year growth in sales, revenues, and profits.

ADACEL further consolidated its market leadership with several major contract wins that are expected to underpin further growth. The outlook is for a strong improvement in revenues and earning in the next six months. Adacel has built an international reputation for its products and services and has been awarded some of the most prestigious programs in its field.

With EBITDA doing "better than expected" ALTIUM's half-year results reflect the investments made during the period in product development, recruitment, and organisational systems, and meet with the expectations set by the company at the end of December, said Nick Martin, CEO. "We are confident that we are on track to deliver the planned growth in sales, revenues, and profit for the full financial year".

IT service provider ASG announced strong growth that has generated another record half year. Geoff Lewis, MD and CEO, commented: "We look forward to the remainder of this year and beyond with confidence of growing revenue and earnings and the continued protection of our operating margins".

BRAVURA develops applications for superannuation, pension, life insurance, portfolio administration, transfer agency, and STP financial messaging. Iain Dunstan, CEO and MD, claimed the effectiveness of the company's business plan has been clearly demonstrated. "Bravura has demonstrated an ability to successfully integrate acquisitions and we are well placed to further grow the business through a blend of bolt-on acquisitions," he said.

DATA#3 MD John Grant claimed the company's performance in the first-half had "been nothing short of excellent", but cautioned that there is potential for the market to tighten in the second half as the global finance sector issues play out. "Our focus has been to recruit key management and sales professionals to increase our market coverage and share," he said.

A record performance in the half year has positioned DWS Advanced Business Solutions well for the future, according to Danny Wallis, CEO and MD. "In addition to producing an exciting financial result, DWS has achieved much in the background over the first half which will position the company for future growth as well as providing robustness as the world economies experience turbulence."

For healthcare software company IBA Health, increased revenues reflected the contribution from iSoft, which was acquired in October 2007. Gary Cohen, executive chairman and CEO of the IBA Health Group, said he was pleased with the way the iSOFT acquisition, is tracking. "We have successfully restored client confidence in the iSoft client base."

Computerworld Buyer's Guide - Vendors Matched to this Article
Market Place

Computerworld Member Login


 

Beyond Virtualisation - The Roadmap to 2012

CIO Breakfast Briefing
8:30am - 10:30am

Brisbane | 22 July | Sofitel Brisbane
Sydney | 23 July | Four Seasons Hotel
Canberra | 24 July | The Hyatt

Attend and discover:

  • What happens after virtualisation
  • The benefits automation drives
  • When automated infrastructures will emerge
  • What the roadmap to 2012 looks like
  • How to deliver an automated architecture
  • How to maximise your investment in virtualisation
Whitepaper

Growth Strategies in Uncertain Times: Building and Maintaining Lasting Client Relationships in Professional Services Organisations

To stand out and build your business, there are certain key attributes you must build across your firm. Learn how to grow your business and to think strategically about building and deepening core client relationships by reading on.

Enterprise IT Buyer's Guide
Find Technology Vendors Fast
 
Find vendors by name | Find by category
Sponsored Links