Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Datacom Drives Forward

Datacom Drives Forward

Datacom Group Ltd Delivers a Strong Business Performance, Launches New Sector-
Specific Services And Appoints a New Ceo for Australia

1 September 2014 — New Zealand head-quartered and owned information and technology organisation Datacom Group Ltd is pleased to report a strong year of progress and substantial lift in profit for the year ending 31 March 2014.

The total Group profit before tax totalled $64.7m compared to last year’s $50.9m, an increase of 27%. Operating profit before gains on assets divested was in line with last year, with overall revenue up by 1.3% from $870m to $881m.

Datacom Group Chairman Craig Boyce says, “We’re pleased to report an excellent performance. Overall the Group maintained a 10-year compound annual growth rate of 12.5% for revenue and 11% for profit; this result demonstrates the sound strategic direction of the company and the long-term financial stability of the Datacom Group.”

Datacom Group CEO Jonathan Ladd says, “It has been an exhilarating year of progress for Datacom.”

And today Datacom announces the appointment of Theresa Eyssens as CEO of Datacom Systems Australia. “Theresa Eyssens has the expertise and energy to drive Datacom forward, faster. She is a welcome addition to the Australian marketplace for Datacom and to our Group Executive leadership Revenue for Datacom New Zealand rose by 12% to $466m for the year; this was achieved through growth in the core service lines of software development, IT management and data centres across Datacom New Zealand strengthened its position as a top-tier provider in the markets in which it operates.

As the largest provider of custom software development in New Zealand, Datacom has been adding the skills required to enable clients to benefit from new technologies including mobility The New Zealand payroll business increased its total payee base by over 12%, while the business process outsourcing division, which is now organised on a trans-Tasman basis and named Datacom In March 2014 Datacom acquired Origen Technology, a New Zealand-based supplier of software and services to local government.

This business operates under Datacom Solutions, the business unit focused on providing sector-leading IT products and services to the local government, payroll, education and other sectors in the future.

Datacom currently has a network of 12 data centres located in all major Australian and New Zealand cities. Seven are owned and operated by Datacom and five are partner facilities.

Jonathan Ladd says, “While customer requirements are evolving with virtualisation and cloud adoption, Datacom’s regional data centre network is a core platform to enable further competitive growth in the emerging as-a-service delivery paradigm.”

Datacom Australia and South East Asia revenue was down on last year, reflecting a depressed IT project spend in the Australian market during calendar 2013, coupled with the reduction in revenue from Asia as a result of the contact centre business divestment.

“We have increased our business in both the state and local government sectors in Australia and our third-party hardware resale business grew during the year and increased its market share and customer base in what has been a difficult market,” says Ladd.

The Datacom operations in Kuala Lumpur and Manila traded profitably during the year and are focused on expanding their regional and global customer base.

“Our Asia IT services business is poised to capitalise on the opportunity of a rapidly maturing IT market in Asia, a market which Datacom remains committed to growing its presence,” says Ladd.

Excluding the impact of the divestment of Datacom's Asia contact centres, resulting in 850 staff shifting to Convergys, staff numbers increased by 6%. At year end staff numbers totalled 3,756 with 2,371 in New Zealand, 1,245 in Australia and 140 in Asia.

Key points in summary: (in NZD)

• Total operating revenue was $881m, up 1.29%

• Profit before tax was $64.7m compared to last year’s $50.9m, an increase of 27%.

• Profit after tax was $51.4m

• Staff numbers up 6%

• $40.8m capital expenditure for the year

Key points in summary: (in AUD)

• Total operating revenue was $825m, up 1.29%

• Profit before tax was $60.6m compared to last year’s $47.6m, an increase of 27%.

• Profit after tax was $48.1m

• Staff numbers up 6%

• $38.2 million capital expenditure for the year

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news