Atturra acquisition spree gives the company a jump in its FY25 revenue

Stephen Kowal, CEO at Atturra tells CRN Australia he is happy they finished the financial year “strongly”.

Leading service provider Atturra has reported a 24 percent jump in its revenue for FY25, which CEO Stephen Kowal attributes to the several acquisitions the company made over the financial year.

In its financial results posted today, the service provider posted revenue of $300.6m, with its underlying EBITDA up 26 percent to the prior period of $31.5m.

In FY25, the company completed six acquisitions including, Exent in August 2024; Chrome Consulting in November 2024; Plan B in December 2024; ComActivity in January 2025, Kitepipe in March 2025; and DalRae Solutions in June 2025.

The company recently announced its acquisition of BlueConnections, which will be counted for the FY26 year.

Kowal told CRN Australia, “[The growth in revenue] was definitely acquired revenue. So yeah, we acquired several entities over the last few years, and then we just had strong growth in things like education, manufacturing, and utilities.

“We had a little bit of weakness in the federal and defence market. But overall, very happy to continue the kind of high growth rate. From that angle, happy and pleased we finished the year strongly.”

In its results, the company noted that Canberra was a challenging market for this financial year. Kowal said it had to do with the federal government trying to reduce third party spend.

“As a part of that, there's definitely a lot less engagement of external consultancies and more focus in building internal skills in the public sector,” he told CRN Australia.

“What you'll see is over time that will start increasing again and the public service will do certain components that those specialised in.

“Then for that first capability, and those large projects private companies will be doing that and then handing the keys over to the public service to manage and maintain.”

Opportunities for FY26

Looking at the year ahead, Kowal said there is opportunity for the company around data and AI projects.

“There's a lot of data out there about AI projects not working and the failure rates,” he said.

“As we go through that journey on how best to address the environment, it's going to bring up significant opportunities, not just in our data business, but also some around consulting and some of our transformation capabilities.”

Atturra is also aiming to be the dominant provider of specialist and niche technologies such as webMethods, OpenText, and QAD.

“Our strategy is normally acquiring into a new tech stack and then invest heavily to make sure we're a leader,” Kowal explained.

“We've done that across multiple technologies. For example, we got into QAD a few years ago and we are the undisputed leader in QAD. Now webMethods, we're probably the undisputed leader here in Australia.”

Kowal explained the company’s strategy behind the domination.

“Look our strategy is acquire, normally, a small organisation, then invest heavily to grow that to become a market leader,” he said.

In its results, Atturra aims to further expand into defence, as they predict spending in that sector will continue to grow.

“From our perspective, you know, we see probably not so much in this year, but we see in future years that defence spending is going to increase, geopolitical instability is going to increase, unfortunately,” he explained.

"Being a true sovereign onshore provider, we're going to our skills are going to be in demand to service places like defence.”

For the following year, Kowal wants to achieve solid growth and good staff retention.

“Be famous for that data type business, to a great extent, it's just delivering all our thematics about, growing consistently and keeping good staff retention,” he ended.