{"id":45708,"date":"2013-09-11T08:01:59","date_gmt":"2013-09-11T06:01:59","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=45708"},"modified":"2013-09-11T08:07:21","modified_gmt":"2013-09-11T06:07:21","slug":"eoh-lifts-full-year-earnings-40","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/45708\/eoh-lifts-full-year-earnings-40\/","title":{"rendered":"EOH lifts earnings by 40%"},"content":{"rendered":"

Listed IT services firm\u00a0EOH Holdings<\/a>\u00a0on Wednesday (11 September) reported a 40% rise in revenue for the year ended July 2013, to\u00a0R5.09 billion,\u00a0driven by a combination of both organic growth and recent\u00a0acquisitions.<\/p>\n

Operating profit climbed to R495.72 million, from R356.62 million before, while diluted headline earnings per share of 305,6 cents, was 36% higher than 224,6 cents in 2012.<\/p>\n

The group declared a gross dividend of 95 cents per ordinary share, up 36% from 70 cents before.<\/p>\n

EOH said its primary focus was to consolidate and complement its\u00a0existing service offerings in its consulting, managed services, human capital solutions and\u00a0industrial technology businesses during the year.<\/p>\n

Accordingly, it made several acquisitions in these\u00a0areas with the total consideration paid for these acquisitions amounting to\u00a0R358 million.<\/p>\n

All areas of EOH’s business operations saw growth during the year with the\u00a0revenue from services being the most significant generator. Services revenue\u00a0increased by 55%, software revenue by 12% and infrastructure revenue by 13%.<\/p>\n

The gross profit\u00a0margin is 40% and the operating margin was at 9.7%.<\/p>\n

Looking ahead,\u00a0EOH said it will continue to expand its solutions and service offerings and strengthen its knowledge-based industry services.\u00a0“This will be achieved through organic growth complemented by\u00a0acquisitions,” it said.<\/p>\n

EOH expressed its desire to expand\u00a0the business it does in the public sector.<\/p>\n

“During the year, EOH has made significant strides into Africa with plans to increase its presence\u00a0on the continent. EOH now has the structures and processes in place to be far more strategic\u00a0and proactive in its approach to doing business in Africa.”<\/p>\n

The group pointed out that its offerings in the outsourcing, managed services and cloud arenas have grown significantly\u00a0having secured major contracts in the past year.<\/p>\n

More news on EOH<\/h3>\n

EOH interim earnings boosted by aquistions<\/strong><\/a><\/p>\n

EOH points to stronger earnings<\/strong><\/a><\/p>\n

Name change causes govt IT headache<\/strong><\/a><\/p>\n

\u201cMore of the same\u201d for impressive EOH<\/a><\/strong><\/p>\n

EOH boosts revenue, ups dividend<\/strong><\/a><\/p>\n

EOH buys Siemens subsidiary<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

EOH has reported stellar results for the year ended July 2013, lifting revenue 40% to R5.09 billion.<\/p>\n","protected":false},"author":10,"featured_media":21989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[1797,26],"class_list":["post-45708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-eoh-holdings","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45708","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=45708"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45708\/revisions"}],"predecessor-version":[{"id":45712,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/45708\/revisions\/45712"}],"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=45708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=45708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=45708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}