Bulletproof's customers surpass 750 amid record year

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Bulletproof's customers surpass 750 amid record year
Anthony Woodward

Bulletproof has boasted of an increase in customers as it posted a 69 percent rise in revenue for the 2016 financial year, up $18.1 million to $47.2 million.

The cloud solutions provider's underlying EBITDA was $4.2 million, up 13 percent compared to the previous financial year. Net profit after tax was down 60 percent to $1.8 million

Bulletproof now services more than 750 customers, having achieved with blue-chip wins clients such as Xero, Adairs and Genworth.

As a result of the Infoplex acquisition in October 2015, Bulletproof recently renewed a contract with Genworth to supply and support infrastructure-as-a-service for the next three years. Genworth is now one of the company's largest customers.

Revenue contribution from the Infoplex platform is expected to be in excess of $8 million in the financial year of 2017.

Bulletproof chief executive Anthony Woodward said: "We are pleased to have been able to deliver another year of strong organic growth. When combined with our acquisitions, it has been a record year for overall revenue growth. This reaffirms that our strategy is delivering responsible growth, product superiority and service excellence from a commanding, market-leading position."

Recurring cloud services revenue, including managed public, private and hybrid cloud were up 65 percent to $37.1 million. Professional services revenues were up 86 percent to $6.5 million.

Bulletproof chief operating officer Lorenzo Modesto has been given the new role of director of strategy. Mark Rainbird joins Bulletproof to take on Modesto's former role and will also be responsible for the professional services.

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