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%
 
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DWS survives 'tough operating environment'
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