On Wednesday SMS released its end of year figures, and announced revenues rose 10 per cent over the last year to $335.8 million, a considerably more modest performance than a year ago when sales surged 23.6 per cent. It also announced that overall headcount during the year remained largely unchanged at 1,682.
According to chief executive Tom Stianos the Vietnam unit was originally a “talent hub” for people with Filenet capabilities. This has now been extended to include Salesforce.com skills and Microsoft.net capabilities.
“We plan to grow that team. We don’t want to be a large offshore provider…we call it dualshore,”said Mr Stianos.
He said that having offshore capabilities was important given the relative strength of the Australian dollar. “I’d like to see it grow to 200 – but don’t ask me when,” he added.
He said that “There is lots of headroom (for growth) in Australia. But we are committed to establishing a solid foundation in Asia.”
Certainly regional growth rates make it an attractive proposition. Mr Stianos said that the market for IT services in Australia was growing at about 3.5 per cent a year. In Asia, excluding China, the growth rate was closer to 7.5 per cent.
Asked about guidance for the year ahead, Mr Stianos said that would be provided at the company’s Annual General Meeting next quarter.