Delays in the migration of the Tasmanian government to VoIP services mean that MyNetFone is yet to see the revenue the service provider expected from the contract, which was signed mid-last year.
MyNetFone signed the contract, worth up to $20 million, with the state government in July 2012.
“These delays are due to factors outside of the control of the company, and the company has delivered all infrastructure and commercial commitments as required by the contract,” the VoIP services provider said its FY13 results.
MyNetFone said the contract is still expected to yield nearly $2 million per annum in gross revenue, with the full revenue unlikely to be realised until FY2015. Despite the delays with the project, the company said it would pursue further government business for VoIP services.
A Tasmanian government spokesperson told Computerworld Australia in January that MyNetFone services were successfully used to support trials in 2012 and the first customers were cut over in early January 2013.
MyNetFone's profit increased 35 per cent to $4.1 million for the full year to 30 June, 2013.
Revenue at the company rose 21 per cent to $46.2 million for the period.
The GoTalk purchase included the acquisition of wholesale customers, network infrastructure and intellectual property, while the Connexus acquisition added around 1000 SMB customers and 600 residential broadband customers.
“I am very pleased to be in a position where we have exceeded forecast in a period where we have had considerable one-off integration expenses,” Rene Sugo, CEO at MyNetFone, said in a statement.
“This achievement will facilitate considerable acquisition synergies commencing now and further increasing in FY15. This will further bolster the company¹s bottom line in the coming years.”