{"id":116040,"date":"2016-03-09T09:28:19","date_gmt":"2016-03-09T07:28:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=116040"},"modified":"2016-03-09T09:35:47","modified_gmt":"2016-03-09T07:35:47","slug":"eoh-posts-stellar-results","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/116040\/eoh-posts-stellar-results\/","title":{"rendered":"EOH posts stellar results"},"content":{"rendered":"<p>EOH, the listed technology services provider on Wednesday reported a 30% rise in revenue for the six months ended January 2016, to R6 billion.<\/p>\n<p>The growth is attributable to a combination of strong organic growth and recent acquisitions with organic growth contributing 54% of the growth in revenue.<\/p>\n<p>Additional results highlights:<\/p>\n<ul>\n<li>Operating profit\u00a0 was up 35% to R682 million<\/li>\n<li>Profit for the period was up 36% to R464 million<\/li>\n<li>HEPS advanced 24% to 359 cents<\/li>\n<li>EPS was up 23% to 358 cents<\/li>\n<li>Cash increased 6% to R1.561 billion<\/li>\n<\/ul>\n<p>Overall services revenue is up 28%, software sales is up 87% and the sales of infrastructure products is up 7% compared with the corresponding period.<\/p>\n<p>Revenue from the regions outside of South Africa also grew, EOH said, but added a that it remains a strong South African company with sales in South Africa contributing 87% of revenue.<\/p>\n<p>The rest of Africa accounts for 9% of total revenue and the rest of the world, 4% of total revenue.<\/p>\n<p>Looking ahead, EOH said it will continue to develop new solutions, new lines of business, enhance its industry-specific businesses and expand its service offerings into new territories.<\/p>\n<p>EOH has a wide range of Outsourcing, Cloud, Managed Services, Industrial Technologies and Business Process Outsourcing (&#8216;BPO&#8217;) solutions, and employs 11,500 staff members delivering these services to over 5,000 large enterprise customers.<\/p>\n<h3 class=\"my-4\">More on EOH<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/108675\/eoh-plans-aggressive-expansion-in-africa\/\">EOH plans aggressive expansion in Africa<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to EOH buys rail tech firm\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/101612\/eoh-buys-rail-tech-firm\/\" rel=\"bookmark\">EOH buys rail tech firm<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to EOH reports massive jump in profits\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/98557\/eoh-reports-massive-jump-in-profits\/\" rel=\"bookmark\">EOH reports massive jump in profits<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to EOH expands its African footprint\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/89542\/eoh-expands-its-african-footprint\/\" rel=\"bookmark\">EOH expands its African footprint<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOH, the listed technology services provider on Wednesday reported a 30% rise in revenue for the six months ended January 2016, to R6 billion.<\/p>\n","protected":false},"author":10,"featured_media":21989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,1957],"class_list":["post-116040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-eoh"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=116040"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116040\/revisions"}],"predecessor-version":[{"id":116052,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116040\/revisions\/116052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/21989"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=116040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=116040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=116040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}