Empired revenues up, boosted by strong growth in digital services

Microsoft Dynamics services were up 31% for the 12-months to the end of June, and data insights grew 27%, with Empired also reporting "strong" organic growth in infrastructure services.

The Perth-based company managed to reduce losses, reporting a full-year net loss after tax (NPAT) of $1.72 million, compared to a net loss of $3.7 million for the first half to the end of December 2015.

Empired revenues for the FY 2015 were $128 million, an increase of 92% in the year.

{loadposition peter}Empired attributed the poor first half 2016 performance to consolidation, acquisition integration and organisation alignment.

“Following significant integration activities and disappointing earnings in the first half we are pleased to report a strong recovery in the second half,” Empired managing director Russell Baskerville said.
 
“Importantly we have experienced pleasing operating cash flow in the second half significantly reducing our net debt level.

“High levels of contracted revenue, a healthy sales pipeline and services aligned to growth segments of the market provide us confidence in delivering a strong financial performance in the coming year,” Baskerville said.

Here’s what Empired sees as its FY16 Highlights:

• Revenue growth of 25% on prior year

• Organic Revenue growth of 9% on prior year

•55 % of Revenue generated from long term multi-year contracts or recurring / support style revenue

•Investments in Data Analytics, Digital and Microsoft Dynamics resulted in  outstanding growth across all three service offerings

• Made strategic investments in Cloud, Mobility and Cohesion during the year

•Transitioned in $35m of strategic annuity based contracts

•Cohesion market share accelerated to 4,500 users within NZ Government with strong growth anticipated in FY17

• Implementation of an integrated operating/ organisational model across Australia and New Zealand

• Implemented a portfolio based sales organisation across Australia.