Atturra posts 17 percent revenue bump for FY26

The December contract dispute still impacted the company’s underlying EBITDA for the full financial year.

Managed services giant Atturra posted its FY26 results reporting a 17 percent bump in revenue, with Stephen Kowal, CEO at the company saying he’s “happy” with the results.

Revenue just missed its full financial forecast that was set between $364 million and $374 million.

The company reported a 5 percent dip in underlying EBITDA from the contract disputes last December, which he said he was “disappointed” by.

"I'm obviously disappointed in the year because of the first half,” he told CRN Australia.

“The second half got us where we wanted to be. Probably more importantly, the businesses that we like did well.”

Some of these businesses Kowal is referring to includes Scholarion, the soon to be released education platform, the managed services business, and the data business.

“That's always nice because it's not always the way,” he said.

Kowal noted that these results put the business in a “good spot” to invest for the first half of FY27 onwards.

For this investment, it will be within the Scholarion education product, as well as their data and AI team.

“The forward deployed engineer type team, and we're investing in some internal processes around that. We're spending about $3 million accelerating that AI practice,” he said.

“We've got a big data practice and it's now investing in some of the AI component of that. AI drags through the data business, which is where the real attraction for us is.”

Scholarion

The Scholarion product is a full student management system. It was built two years ago with Brisbane Grammar School, as a one off product.

“We architected it to be repeatable, then last year we realised that this is a strong product in the market, a market-leading product,” he said.

“We made that decision a year ago, and we said to the market we were targeting four to six clients pre-release.”

The product doesn’t launch until October, and Atturra has six clients locked in pre-launch.

“We're super excited about that. We're targeting 20 clients by the end of FY27, and then it's onwards and upwards,” Kowal said.

Kowal explained that they will continue their focus into the education market for the next financial year.

“The education market is probably the key area we want to expand into, and it's about having that Australian-born and bred education solution where we've got the skills onboard and onshore,” he said.

“It's a huge advantage. All the other competitors are either legacy systems or offshore different education systems trying to come into Australia.”