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Empired breaks all financial records

Empired breaks all financial records

Net profit, EBITDA and revenue climb

ASX-listed Empired (ASX:EPD) has seen its net profit jump 135 per cent to $5 million and revenue increase 94 per cent to $130 million for the 2015 financial year ending June 30.

EBITDA was also up 94 per cent to $11 million.

Empired managing director, Russell Baskerville, said it was a watershed year for the company as it transforms into a leading force in the IT industry across A/NZ.

“We now enter FY16 in the strongest position of our company’s history,” Baskerville said. “With a strong balance sheet, over 900 staff and services aligned to key growth segments of the market, we look forward to delivering exceptional strategic and financial results in FY16.”

During the second half of FY15, Empired secured $65 million worth of strategic annuity-based contracts and acquired Intergen, strengthening its Microsoft partnership.

Some of the key areas that were driving Empired’s growth included: managed services, IoT and data insights; mobility; Microsoft CRM and ERP; digital transformation; Cloud transformation services, service integration; and identity management and security.

During FY15, Empired focused on developing its Auckland market presence and spots opportunities to provide trans-Tasman services.

Revenue was broken up by region showing 33 per cent came from the West Coast, 31 per cent from East Coast, 30 per cent from New Zealand and six per cent from USA.

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