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
|Other revenue (excl Interest)||225||103||122||119%|
|Selling, general and admin expense
|EBITDA Margin %||24%||25%|
|Depreciation and amortisation||(786)||(287)||499||174%|
|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%|