| Record profit for Oakton |
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| by Stephen Withers | |
| Tuesday, 28 August 2007 | |
  
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The acquisition of Clickstream and Acumen Alliance, and the establishment of operations in India meant the company ended the year with more than double the staff it started with. Revenue per average full time equivalent employee rose by approximately four percent, while gross margin fell from 38.24 percent in 2006 to 34.42 percent. "Our great management team, consulting workforce and shared services team once again have shown commitment to the game plan and have delivered excellent financial results in addition to creating the business for the future," said MD and CEO Neil Wilson. While the company's operations in India only involved 14 permanent employees at the end of the financial year, that figure has already risen to 25 and is forecast to reach 70 by the end of calendar 2007. By June 2009, it is expected to be in the 250-300 range. For comparison, Oakton employed 495 people in Victoria and 302 in New South Wales on June 30. Oakton has declared a final dividend of 10.25 cents, bringing the total for the year to 20.25 cents, up 20.9 percent on FY2006. |
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