Brennan IT and Telco Partner SecureTel announce stellar growth.
- 29 June, 2004 10:06
<p>Sydney - June 25th, 2004 – Brennan IT & SecureTel Managing Director David Stevens today announced the preliminary results of the 2003/4 financial year.</p>
<p>“With only a few days left to run in the financial year we have a very solid view of how we will close out the year and it is looking extremely good”, said Stevens.</p>
<p>“We have experienced excellent growth in revenues of around 24%, however the real growth in our business is in earnings which are up a massive 184%. We have been able to achieve this without increasing our charges to our clients’, which have now remained the same for 3 years, so we continue to deliver excellent value whilst still generating great earnings” commented Stevens.</p>
<p>“Our solid growth in earnings has enabled us to commence a strategy of inorganic growth with acquisitions planned for the first quarter of the 2004/5 financial year which will boost our business in Melbourne & Brisbane; in fact we are only days away from signing the first deal in Melbourne. We have also planned acquisitions in Canberra, Perth and Adelaide from September 2004 through to March 2005” commented Stevens.</p>
<p>This coming period of acquisition is the final step in a long standing plan to complete the expansion of Brennan IT to cover all business locations in Australia and whilst no comment has been made on the strategy to follow, an expansion into the New Zealand market is definitely not ruled out by Brennan IT management.</p>
<p>National Sales Manager Andrew Dale, National Sales Manager commented “the inorganic growth strategy combined with a focused effort on organic expansion will result in a revenue increase of up to 90% for the 2004/5 financial year”.</p>