{"id":21943,"date":"2012-09-12T08:34:46","date_gmt":"2012-09-12T06:34:46","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=21943"},"modified":"2012-09-12T13:43:36","modified_gmt":"2012-09-12T11:43:36","slug":"eoh-boosts-revenue-ups-dividend","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/21943\/eoh-boosts-revenue-ups-dividend\/","title":{"rendered":"EOH boosts revenue, ups dividend"},"content":{"rendered":"

IT service provider EOH Holdings<\/a> lifted group revenue to R3.64 billion for the year ended July 2012.<\/p>\n

Diluted headline earnings per share improved 30.4% to 224.6 cents, from 172.3 cents in 2011.<\/p>\n

Operating profit grew to R356.62 million, up from R233 million, while EOH declared a dividend of 70 cents, 32.6% better than 48 cents in 2011.<\/p>\n

EOH said that all areas of its business operations have seen strong growth during the period under review, with a further shift to services in line with its strategic intent.<\/p>\n

Services revenue increased to R2.34 billion, a 61% improvement over the previous corresponding period. Software sales lifted 28% to R614.9 million and infrastructure sales rose by 39% to 683 million.<\/p>\n

Cash increased by 41% to R451.9 million, placing EOH in a strong financial position with substantial cash resources to ensure sustainable future growth, it said.<\/p>\n

The company said it plans to continue growing both organically and acquisitively.<\/p>\n

The main growth areas include infrastructure and application managed services, cloud offerings, enterprise applications, information management, business process outsourcing, security and intelligent infrastructure.<\/p>\n

\u201cEOH is now the strongest player in the IT arena with 4700 people, 3,500 customers, good brand, strong reputation for delivery capabilities and a very healthy financial standing. EOH has the widest offerings in our industry\u201d said CEO Asher Bohbot<\/a>.<\/p>\n

The group heralded its training initiatives. EOH said it spent R21.1 million in the form of loans and training on enterprise development.<\/p>\n

The group noted that it has 620 trainees participating in a yearlong graduate and school leavers\u2019 programme and has spent R8.4 million on this programme so far and is committed to spending a further R7.8 million over the next six months.<\/p>\n

As a South African enterprise EOH has the responsibility to actively contribute its knowledge and resources to improve Public Sector effectiveness, said Bohbot.<\/p>\n

\u201cThe Public Sector represents a major business opportunity and will form part of our future growth. I am also happy to say that our job creation initiative is gaining momentum.”<\/p>\n

“With the assumption that skills equal jobs, we have embarked on a learnership programme whereby 620 young people will be given the opportunity to participate in year-long, learnership and trainee programmes.\u201d<\/p>\n

Looking ahead, Bohbot said there were further opportunities to grow EOH\u2019s solutions and service offerings and to strengthen the group\u2019s industry verticals.<\/p>\n

\u201cWe have the resources, track record, know-how, ability and capability to continue to grow aggressively.\u00a0 Prospects in the rest of Africa are encouraging and EOH sees opportunities in this territory,\u201d said Bohbot.<\/p>\n

Related articles<\/strong><\/p>\n

EOH buys Siemens subsidiary<\/strong><\/a><\/p>\n

EOH plans to boost job creation in SA<\/strong><\/a><\/p>\n

EOH buys Faculty Training Institute<\/strong><\/a><\/p>\n

EOH interim results impress<\/strong><\/a><\/p>\n

Best tech shares in SA<\/strong><\/a><\/p>\n

Data centers for Africa<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IT service provider EOH Holdings lifted group revenue to R3.64 billion for the year ended July 2012.<\/p>\n","protected":false},"author":10,"featured_media":2921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[3920,345,1797,26],"class_list":["post-21943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-asher-bohbot","tag-cloud","tag-eoh-holdings","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21943","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=21943"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21943\/revisions"}],"predecessor-version":[{"id":21947,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21943\/revisions\/21947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/2921"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=21943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=21943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=21943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}