DWS survives 'tough operating environment'

By Chris Jager on Aug 13, 2012 3:11 PM
Filed under Services

Adds staff, mulls overseas expansion.

Melbourne-based IT services provider DWS has reported a 5 percent jump in full year net profit to $18.22 million.

Margins were clearly squeezed with the company reporting an 11 percent rise in revenue for the year to almost $110 million, in what the company described in its results presentation as "a challenging operating environment" in some regions.

Helping DWS to pull through it said were its intelligent allocation of resources, expansion of its outsourced application managed services footprint, as well as its specialist services such as iSolutions and Insight Analytics.

DWS grew its headcount for the year, with 26 new staff joining the company in the past 12 months, bringing the total to 620. Cash in the bank grew 39 percent to $15.21 million with total debt reported as zero.

In releasing its results to the market DWS also said it was mulling opportunities to expand its operations overseas.

2012 RESULTS ANNOUNCEMENT TO THE MARKET

	2012 Total	2011 Total	Increase/decrease	Precentage change
Revenue from continuing operations	109,664	98,386	11,279	11%
Other revenue (excl Interest)	225	103	122	119%
Selling, general and admin expense	(4,465)	(4,624)	(159)	-3%
EBITDA	26,399	24,810	1,589	6%
EBITDA Margin %	24%	25%
Depreciation and amortisation	(786)	(287)	499	174%
Interest	642	572	70	12%
Profit before tax	26,255	25,095	1,160	5%
Income Tax Expense	(8,033)	(7,706)	327	4%
Net profit after tax	18,221	17,389	832	5%