Organic growth drives Vocus revenue
- 28 August, 2012 14:53
Vocus Communications’ revenue has increased 46.2 per cent to $45.3 million off the back of organic growth, according to the company’s CEO.
Profit after tax was $7.8 million.
“Revenue growth has been a combination of organic growth and acquisitions coupled with an increase in the number of products we are offering,” James Spenceley, CEO of Vocus Communications, told Computerworld Australia.
The company’s fibre and Ethernet division recorded the strongest growth, with revenue increasing 201 per cent to $5.4 million, with Vocus Communications expanding its fibre network by 298 per cent.
Its data centres division also recorded strong revenue growth, with revenue increasing 199 per cent to $9.4 million in FY2012. The company now has seven data centre facilities across five sites.
Vocus recently undertook a $14.9 million capital raising and was looking to raise another $7.5 million. Spenceley said it now plans to use the capital raising to provide access for funds to increase its fibre network’s footprint “and to take advantage of strategic acquisitions as and when they come along”.
Spenceley said the company would also be looking to expand its data centres in Sydney and Auckland.
“The next 12 months is about growing our customer base and leveraging our … metropolitan fibre network and data centres,” he said.
“Unless there was a compelling proposition to enter a new area, we believe we have a great combination of infrastructure-owned products that appeal strongly to the IT requirements of corporates and large businesses, so we will be focusing heavily on raising the awareness of our product offerings and helping corporates and large business with the IT and cloud requirements.”
Vocus Communications also expects its capital expenditure per new contract to decrease.
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