The multi-year, multi-million dollar contracts are also with a range of other existing and new customers. These include: project engagements with Ericsson/Hatch across ITSM and Microsoft platforms; nominated preferred partner for Virgin Blue for Oracle services; a three year contract for provision of project services to the WA Department of Corrective Services, and a two year contract (with option extensions) for provision of project services to LNG project developer Inpex.
ASG managing director, Geoff Lewis, said the additional contracts demonstrated the ability of the service provider to secure contracts at the highest level of the government and corporate sector.
“Our revenue business model is built around developing long-term relationships with our customers. Of the $75 million, about one third is from additional services and extensions to existing contracts. This ongoing business has made a significant contribution to our growth and secured ASG’s long term annuity position in those chosen markets,” he said.
According to Lewis, ASG recently reported a net profit after tax of $4.2 million for the six months to 31 December 2007, an increase of 46 percent over the previous financial year.
“The results were produced from revenue of $51 million, an increase of 54 percent over the first half of last year. Earnings before interest, taxes, depreciation and amortisation also grew strongly, up to 70 percent to $7.2 million from $4.1 previously,” he said.
Lewis expects the outlook for ASG to be very healthy with half-on-half growth in revenue and earnings for the second half of the 2008 financial year.
ASG scores $75M worth of contracts, includes one with Dell
By Lilia Guan on Apr 4, 2008 3:54PM