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Telecommunications Hostworks boosts revenues and forward contracts
Telecommunications Hostworks boosts revenues and forward contracts | Hostworks boosts revenues and forward contracts |
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| by Stuart Corner | |
| Thursday, 23 February 2006 | |
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EBITDA for the half year was $1.9m, in line with the previous corresponding period. After tax profit was $141,573. The company said that its decision to expand its sales team to accelerate growth and support the expanding sales pipeline, as well as front-end investments to support major new contracts, had impacted EBITDA. The company signed contracts during the half year with a number of new clients including SEEK Ltd, News Interactive and Sensis MediaSmart and extended or signed new contracts with existing clients including Compass Group, AHL, a financial institution and Endemol Southern Star, producer of the Big Brother television series, for the specialist management of their critical applications. Collectively, clients using the Hostworks ad-serving solution are contracted to serve more than 3.5 billion ads per month, which Hostworks says represents a major portion of the Australian online advertising sector.
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