Recent commentaries from home-grown IT companies have highlighted that the IT sector can be an important source of growth for Australia. The spill-over effect can have positive benefits to the rest of our domestic economy.
Andrew Hansen, CEO of HANSEN TECHNOLOGIES, said the company had delivered a strong start to the fiscal year. "Looking ahead there are new project opportunities in the pipeline and, with the rationalisation of our business units complete, we are now exploring new strategic growth opportunities. I am confident we will deliver full year results which will continue to be an absolute increase on last year".
Steve Killelea, chairman of INTEGRATED RESEARCH, said: "The revenue and profit growth is extremely pleasing. We continue to make good progress in our sales execution and development of new products. For the full financial year both revenue and profit after tax are expected to be higher than in the previous year".
IRESS's managing director, Peter Dunai, said that the company's results demonstrated the strengths of its major divisions in their different stages of development. "Our core Australian and NZ information and trading systems division . . . produced another strong and consistent performance in terms of revenue and profit growth. Recent turmoil and volatility in the financial markets has had no impact to date on the company's performance with revenue growth early in 2008 consistent with expectations."
Laurie Sellers, managing director of itX said the first half year's result was very pleasing and reflected the current buoyancy of the IT sector. "Our overall outlook for the remainder of the financial year remains positive as the market continues to grow across all itX's products and services. The executive team is continuing its focus on even more organic growth and is also assessing the acquisition of relevant businesses."
NETCOMM'S chairman, Terry Winters, said: "Our strategy is to grow new recurring revenue streams from services and focus our product development energies on technologies where Netcomm's ability to deliver solutions ahead of other suppliers is valued. The rapidly growing demand for alternatives to ADSL networks in areas that are not well serviced by fixed broadband networks will provide a strong market for our innovative products". Netcomm's board is confident that the positive trend in margin and profit that have been reported will be continued and result in further improvements in 2007/2008.
UXC's executive chairman Geoff Lord commented on "record half-yearly results with revenue, EBITDA, and NPAT all up strongly over the previous corresponding period. UXC's strong performance reflects the organisation's progress in its mission to be the premier independent solutions group across Australia and New Zealand. The group continues to benefit from a continuation of what we see as three spots within which we operate. They are the trend towards selective sourcing in the IT sector in an environment where there is a strong spend; rising state government expenditures on infrastructure; and other opportunities, many of them government backed, in generating environmental solutions".
Len Rust is publisher of The Rust Report