CSG grows revenue, profit

Enterprise solutions division reports revenue growth of 28 per cent

CSG (ASX: CSV) has posted a revenue of $224 million for FY2015, up from $199.3 million in the previous year.

The company reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $28.5 million, up from $23.7 million in 2014.

Meanwhile, reported net profit after tax (NPAT) was $14.3 million, up from $12.1 million last year.

Commenting on the results, CSG CEO Julie-Ann Kerin said it had expanded its portfolio of products and services to include non-print offerings.

“We have had a successful first year in our partnership with Samsung. In the second half, 10 per cent of all of our deals in Business Solutions Australia included the sale of non-print technology,” she said.

The Business Solutions division achieved revenue growth of 10 per cent. In FY15 this division commenced technology as a service sales of subscription software and hardware.

CSG launched conferencing software bundled with a Samsung touchscreen smart display.

The Enterprise Solutions division achieved 28 per cent revenue growth and won three print as a service contracts during 2015. The total value of the contracts was $40 million over three years.

From FY2016, CSG customers will be able to source print, unified communications, desktop, display, IT infrastructure, data storage and back up as a service.

“The value proposition is that our customers will be able to source multiple products and solutions from one partner with one monthly bill and get access to the latest technologies for minimal capital outlay,” said Kerin.

CSG has signed an agreement to acquire New Zealand-based managed services provider CodeBlue for NZ$5 million in cash and $2.7 million in cash payments.

According to CSG, CodeBlue will enhance CSG’s expertise in delivering IT support capabilities. It is proposed that CodeBlue will provide support service delivery for CSG technology customers in A/NZ.

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