{"id":21983,"date":"2012-09-12T15:18:20","date_gmt":"2012-09-12T13:18:20","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=21983"},"modified":"2012-09-13T13:45:38","modified_gmt":"2012-09-13T11:45:38","slug":"more-of-the-same-for-impressive-eoh","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/21983\/more-of-the-same-for-impressive-eoh\/","title":{"rendered":"“More of the same” for impressive EOH"},"content":{"rendered":"

CEO\u00a0of IT service provider\u00a0EOH Holdings<\/a>, Asher Bohbot<\/a> says that investors can expect \u201cmore of the same\u201d from the group in the coming year, after reporting a 50% rise in 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

Speaking at the group\u2019s results presentation event in Sandton, Bohbot said that he didn\u2019t expect EOH\u2019s business model to change over the next three to five years.<\/p>\n

\u201cThis year we have grown organically, handsomely,\u201d the company chief said, adding that EOH is targeting revenue of between R4.5 billion to R5 billion going forward. \u201cThe business is healthy, we are busy, our people are busy. We are well positioned.\u201d<\/p>\n

Through several acquisitions over the past few years, Bohbot said that EOH has seen its addressable market increase to R150 billion, of which, it only has 3-4% market share.<\/p>\n

He added that 25% of the EOH business is in government. \u201cFor our government to operate, they need to apply good knowledge processes in technology,\u201d Bohbot said, adding that there was plenty of room for the company to grow.<\/p>\n

EOH has seen its revenue grow from R176 million in 2003, to R950.9 million in 2008, and to R3.64 billion in 2012.<\/p>\n

Headline earnings per share has increased from 33.1 cents in 2003, to 96.8 cents in 2008, to 253.1 cents in 2012.<\/p>\n

The group has also reported a 40% rise in compounded annual growth over the past 14 years, making it attractive for investors.<\/p>\n

EOH has seen its share price grow from R22.75, to a recent high of R37.81 at the end of August. In afternoon trade on the JSE<\/a>, shares in EOH traded at R36.79, 3.63% better than its opening price. The group boasts a market cap of R3.71 billion.<\/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

Looking ahead, Bohbot said: \u201cWe are going to get involved in Africa, but cautiously.\u201d He said that Africa provided a difficult challenge, highlighting the experience of a number of other companies who have been burnt in the past.<\/p>\n

\u201cLooking at the longer term, we will have to be in Africa,\u201d said Bohbot. He cautioned that acquisitions would play a lesser role in the company\u2019s growth, with organic growth expected to play a bigger role in a maturing company.<\/p>\n

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

EOH boosts revenue, ups dividend<\/strong><\/a><\/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":"

EOH CEO Asher Bohbot says that investors can expect \u201cmore of the same\u201d from the group in the coming year, after reporting a 50% rise in revenue for the year ended July 2012.<\/p>\n","protected":false},"author":9,"featured_media":21989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,1],"tags":[3920,1797,26],"class_list":["post-21983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","category-trending","tag-asher-bohbot","tag-eoh-holdings","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21983","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=21983"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21983\/revisions"}],"predecessor-version":[{"id":21991,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21983\/revisions\/21991"}],"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=21983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=21983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=21983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}