Listed IT services and outsourcing firm, EOH on Wednesday (17 September), reported a 42% rise in revenue for the year ended July 2014, to R7.2 billion.<\/p>\n
The growth, it said, is attributable to a combination of both organic growth and recent acquisitions.<\/p>\n
Profit for the year improved 48.5% to R492 million, with headline earnings per share (HEPS) up 32% to 446,6 cents.<\/p>\n
Operating profit before interest and impairments was up to R719.5 million, from R495.7 million in 2013.<\/p>\n
EOH declared a gross dividend of 120 cents, from 95 cents before.<\/p>\n
EOH has a presence in 134 locations in South Africa, 29 African countries and the UK, employing 8,000 people providing end to end solutions for over 2,000 enterprise clients in all major industries.<\/p>\n
All areas of EOH\u2019s business operations reported strong growth during the period under review, with a further shift to services in line with EOH\u2019s strategic intent.<\/p>\n
Services revenue increased to R5.5 billion, up 51.7% over the previous corresponding period, while software sales increased 7.3% to R737 million. The revenue from infrastructure sales increased by 27.2% to R982 million.<\/p>\n
\u201cEOH\u2019s success is largely attributable to its unfailing business philosophy that is centred around people,” said CEO Asher Bohbot.<\/p>\n
\u201cWe have always strived to attract, develop and retain the best people in the industry with the purpose of creating life-long, mutually beneficial partnerships with our customers and partners.\u00a0 Doing things right first time epitomises the philosophy of EOH,\u201d he said.<\/p>\n
Looking ahead, EOH said it will continue to grow aggressively both organicically, but also complemented by strategic acquisitions.<\/p>\n
Growth will be focused on Information Technology outsourcing and processes, Information Management, Analytics and Digitalisation. Industry technology will be another major growth area for EOH.<\/p>\n
The group said it sees public sector involvement as both a responsibility and a business opportunity.<\/p>\n
EOH plans to increase its in-country presence by increasing its service offerings and through partnerships, joint ventures and acquisitions.<\/p>\n
The group will begin distributing its own niche IP software products internationally.<\/p>\n
EOH lifts earnings by 40%<\/strong><\/a><\/p>\n