New Zealand-headquartered IT firm Datacom Group has reported net profits before tax of $50.9 million for the year ending 31 March 2013, a rise of 26 per cent over last year’s $40.4 million. Net profit after tax touched $36 million.
Revenues for the Group was reported at $870 million this year, up 10 per cent from last year’s $788 million. The Group reported a compound annual growth rate (CAGR) of 10 per cent for revenue, and 9 per cent for profit.
Geographically, the revenue was divided between the New Zealand operations, which turned over $417 million, up 11 per cent on the previous year, while the Australia and Asia businesses combined turned over $454 million, up 10 per cent.
Jonathan Ladd, Datacom Group CEO says, “We’ve made a considerable headway over the previous year due to two factors, firstly through the early adoption of new technology practices and secondly, due to our relentless commitment to deliver technology services that clearly progress the growth and efficiency aspirations of our public and private sector clients.”
During the year, Datacom completed and opened its Kapua datacentre in Hamilton, New Zealand, extended the Orbit data centre, the Auckland located sister-facility, to a fourth data hall and invested $51 million in capital expenditure including the datacentres.
Investments were also made in the acquisition of a SAP payroll business in Victoria, and the purchase of minority shares in Australia, which saw a total of $66 million reinvested in business growth Datacom Group.
At year end Datacom signed an agreement to divest its Asia-based contact centre business to global BPO sector player, Convergys.
“This divestment of our Asia-based contact centres for $NZ25 million reflects the value of this asset and will serve to strengthen our investment capacity for expansion.
We are reinvesting in the differentiators we have in our technology business. These strategic strengths are across our datacentre and the Cloud services that we’re developing for the NZ, Australia and Asia market from where we service customers in both Americas and Europe, as well as Asia-Pacific.
Datacom has a renewed focus on our Asia Systems operations and will continue to build its leading multilingual systems presence in Malaysia and the Philippines,” said Ladd.
Total staff numbers increased during the year by 14 per cent to 4334, with 2202 in New Zealand, 1082 in Australia and 1050 in Asia. The divestment of the Asia BPO business has meant that post April 30; Datacom’s staff numbers stand at 3660.
In February 2013 the New Zealand Superannuation Fund purchased 35 per cent of the ordinary shares in Datacom Group Limited from New Zealand Post Limited. Datacom operates from 23 offices in 16 cities across New Zealand, Australia and in Malaysia and the Philippines.