AAG Technology Services has posted a 15 per cent revenue increase to $286 million, with profits rising by 26 per cent over the previous year.
The Australian services and technology company said it was now out to capture a greater slice of the services market in the year ahead after its record financial results for 1998/99.
Managing director, Allan Brackin, said AAG Technology Services had exceeded profit growth expectations and made significant progress on its strategy to push into the services market.
"The year ahead looks just as healthy with major investments in electronic business systems taking full effect and demand for e-commerce and voice/data convergence solutions continuing to grow," he said. "High level IT consulting and recruitment services are also continuing to grow."
AAG Technology Services comprises five main business units including Netbridge Systems Integration, Applied Micro Systems (AMS), Affinity Contracting & Search, Quadriga Consulting Group and Prion Technology.
The systems integration arm of AAG, Netbridge Systems Integration increased its focus on e-commerce and voice/data convergence solution offerings, which Brackin said was pivotal to the company's services strategy.
AMS, the direct sales product and services division of AAG, increased revenue growth by 32 per cent and lifted profits 34 per cent above last year's performance.
AAG's IT professionals recruitment agency, Affinity, and Quadriga, which provides IT strategy and CIO services, also contributed to the company's record year, despite only being in operation for one and two years respectively.
Prion, AAG's wholesale distributor of workgroup computing products, continued strong growth over 1998/99, lifting profits 64 per cent above last year's results.