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Johannesburg - Consulting, technology and outsourcing firm EOH Holdings has for the first time crossed the R1bn revenue line in a financial year for the period to end-July 2009.
The company on Monday reported a 32% increase in revenue year on year from R950m in 2008 to R1.2bn.
Its bottom line showed an increase of 24% to a profit of R76m after tax from R61m in the comparable period.
"This year marked EOH becoming one of the top-five IT service providers in southern Africa and the largest enterprise applications provider in our territory," EOH said in its results presentation.
In December 2008, EOH acquired Highveld PFS, a company that provides financial, taxation and administrative services to contractors and staff resourcing to some of its clients.
This allowed the company to grow its resourcing business and provided it with the opportunity to further skill resources through its training facility.
In January, EOH became the sole representative of Nasdaq-listed management software company Computer Associates International (CA), the fourth-largest software vendor in the world.
As a result, 2009 saw EOH starting to promote and sell its various offerings as a combined composite solution to its blue-chip customers.
"Being recognised as a major player in the technology, consulting and outsourcing space has enhanced our ability to deliver effective 'end to end' solutions, enabling EOH to offer its large clients a single course for a significant portion of their IT needs," the company said.
It paid a full year dividend of 30 cents per share compared with 25 cents for 2008.
EOH was positive about its outlook, saying: "The local economic environment is showing signs of improvement with customers undertaking IT initiatives beyond the maintenance and support of their existing IT investment."
EOH operates throughout South Africa and the rest of the continent, as well as the United Kingdom.
- Fin24.com
