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
Copyright © CRN Australia. All rights reserved.
Issue: 331 | September 2014
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.