Menu
Oxygen expects to beat the bank for FY’08

Oxygen expects to beat the bank for FY’08

SAP specialist Oxygen will post a record financial year at the end of June, says chief executive Mike Smith. “We’ve beaten our revenue target by 12% and our profit target by 10%,” he says.

Smith would not disclose Oxygen’s exact figures. However, Computerworld understands Australasian revenue is in the vicinity of A$40 million (NZ$50 million).

On the back of this performance, the company has been recruiting. By the end of the month it will have added 22 staff, bringing its total numbers to 220, 170 of whom are permanent. That’s broken down into 110 permanents in Australia (plus 30 contractors) and 60 permanents in New Zealand (plus 10 contractors).

“Performance has been very strong in Melbourne,” Smith says. “We’re restructuring Australia now to focus on industries and solutions. I’ve promoted several senior staff to national roles.”

One of these is Stuart Dickinson, who becomes general manager solutions delivery for Australia.

Smith says business was “a bit quiet” in New Zealand and that, looking out to 2009, it will continue to be flat.

“Everyone’s waiting to see what’s happening at Contact Energy,” he says.

Contact is majority-owned by Australian company Origin, which has been the subject of a buy-out bid from British interests — so far rejected.

Smith says major achievements in the past year include the completion of an 18-month project at Arkansas paper mill Evergreen Packaging (owned by Graeme Hart); rolling out a finance and asset management system for Melbourne-based Alinta, which specialises in energy and asset management. There have also been several projects for Rio Tinto in Brisbane; and four projects for the Australian federal government.

He says the company is looking for new revenues next financial year, with some focus on Business Objects and Oxygen Express in Australia.

“Our goal is to go up the value chain.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Oxygen

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments