WebCentral revenues "consistent with guidance"

WebCentral’s has recorded revenue of $52.2 million, NPAT of $3.2 million and EBIT of 5.0m in the financial year ending 30 June 2006.

The un-audited results for the Web hoster are consistent with guidance provided on 28 April according to the ASX-listed company, but exclude $0.7m in expenses for the May acquisition of Melbourne IT.

WebCentral’s operating cashflow for the period grew from $10.8m for the previous financial year to $13.6 million.

This was largely supported by growth in demand for its managed hosting services which pulled in $13.1 million – a 24 percent year on year increase. Shared hosting revenues grew five percent to $16.3 million.

The company also predicting stronger future revenues from its SaaS offering - during the financial year the number of vendors signing on grew 160 percent from 25 to 65.

WebCentral shares were trading at $1.50 at the time of posting.

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