Empired Managing Director, Russell Baskerville, said that in addition to the company’s ongoing investment in expanding its Managed Services and operational capabilities, it had committed to strategic investments in cloud computing, application services and building domain expertise in energy and natural resources.
“The transformational shift toward cloud computing is now upon us, during the year Empired released its enterprise class cloud service ‘FlexScale’. This strategic investment has placed Empired ahead of the curve and ensures we are well positioned to not only survive but to benefit as the consumption of IT services shifts to a cloud based model.”
The Western Australian-headquartered Empired (ASX:EPD) announced full year earnings before interest, tax, depreciation and amortisation (EBITDA) of $2.61 million, an increase of 103 percent compared with the previous corresponding period, and net profit after tax grew by 531 percent to $1.3 million, delivering fully diluted earnings per share of 2.2cents.
“Importantly our profit margins expanded once again in FY12 and as we build the scale and mix of revenue toward high margin services we expect this trend to continue.
“We further developed the depth and capability of our managed services business with a particular highlight being the $7 million per annum managed services contract with Main Roads WA. This cements our position as a genuine provider of major managed services contracts and clearly demonstrates our ability to compete and win against multinational competition.”
“Investments in expanding our services to include application services and developing domain expertise in the Energy and Natural Resources sector continues to build our value proposition to clients and enhances our competitive differentiators.”
Baskerville expressed confidence that Empired was well placed to deliver revenue, earnings and earnings per share growth in the year ahead due to its sound financial performance, a strong business model and a range of key strategic investments.