SMS records strong growth

Stephen Withers
Monday, 25 August 2008 10:03

IT Industry - Listed Tech

Consulting company SMS Management & Technology has reported a healthy lift in revenue and profit.

Highlights of the firm's results for the year ending 30 June 2008 include a 42 percent in normalised net profit after tax to $A25.5 million (excluding costs associated with a discontinued acquisition) and a 35 percent increase in total revenue to $A237.9 million.

The full year dividend was 25 cents, up 19 percent on the previous year.

"SMS has continued to extend and broaden its services and practices which has allowed us to contest more market segments and deliver end-to-end solutions for our clients," said CEO Tom Stianos. "This has in turn resulted in further market share gains as indicated by the 35 percent revenue growth."

Company officials said they expect initiatives such as the National Broadband Network, core banking system replacements, major resources projects, investment in infrastructure, and large Defence projects will lead to further demand for services towards the end of the current financial year, continuing through the 2009 financial year.