Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 

Esolutions Exceeds First Year Targets

Esolutions Exceeds First Year Targets And Launches Operational Framework Infrastructure

esolutions, the ecommerce infrastructure provider, has exceeded its financial targets in its first full year of operation, recording revenues of over $10 million.

The Telecom New Zealand, EDS and Microsoft alliance also announced it is well ahead of EBIT budget for the 2000/2001 financial year.

From its inception esolutions has planned to break even after two years. esolutions is still forecasting to break even by the end of this financial year.

In the year to June, esolutions’ revenue base grew by over $8.3 million – up from just $1.7million in the previous part-year.

esolutions general manager Jane Freeman says the financial results reflect significant growth in infrastructure packages and moderate growth in application packages.

“We’ve drawn upon the intellectual property of our parent companies to develop our own ecommerce infrastructure and suite of over nine products with more in development.”

Ms Freeman says the shared intellectual property of esolutions’ parents has enabled the alliance to significantly reduce development costs while delivering new revenue streams to alliance members.

Significant core network revenues are generated for Telecom New Zealand in addition to esolutions revenues. The alliance also generates revenues for its other partners EDS and Microsoft.


esolutions Channel and Communications Manager Sue McCarty says esolutions will focus on further developing its ecommerce infrastructure offering in the next financial year.

“Using Microsoft’s expertise at the Professional Services Centre in Seattle, our technicians developed the Operational Framework Infrastructure - a high performance, fast-to-market, scalable environment for online trading and ecommerce applications. This will allow our channel partners and customers to service trading communities’ ecommerce infrastructure requirements.

“Customers are increasingly looking for ways to reduce their capex investments. The Operational Framework Infrastructure enables businesses to quickly scale up their applications, leverage new technologies and reduce their networking costs without having to invest in their own stand-alone systems,” she said.

The Operational Framework Infrastructure focuses on infrastructure performance as well as the management required to support the full range of ebusiness applications.

ENDS
Note for Editors:
esolutions has over nine products in the market and several more in development. These include:
New ways to become secure – Safecom and Managed Network Services
New ways to communicate – eFax, WebLaunchPad and Web Hosting
New ways to do what you do everyday – eOffice, Office Online, NettPay
New ways to interact with other businesses – InfoXchange, BusinessXchange and StoreFronts including eProcurement and an Internet billing solution (under development)

The esolutions website (www.esolutions.co.nz) has a media section that contains previous releases, customer case studies and further information about the alliance.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: