Johannesburg
– Technology group EOH has grown its profit for the six months to January by 29
percent to R597 million.
This was
off a revenue gain of 21 percent to R7.2 billion, while headline earnings per
share – a key indicator of performance – gained 22 percent to 438c.
The
listed company, which has a history of growing organically and through acquisitions,
notes its cash in hand gained 32 percent to R2 billion, which it says places it
“in a strong financial position, with substantial cash resources to ensure
sustainable future growth”.
EOH,
listed since 1998, has 12 500 staff members that provide services in the IT,
software, IT infrastructure, industrial technologies and business process
outsourcing sectors to more than 5 000 companies.
It
operates in 31 countries in Africa and the Middle East.
It says
all its segments showed growth, while revenue from services and software
accounts for 83 percent of total income.
Read also: EOH buys Cornastone
Revenue
from IT services increased by 20 percent, software revenue increased by 33
percent, industrial technology by 15 percent, business process outsourcing by
15 percent and IT infrastructure by 26 percent.
CEO
Asher Bohbot says its success is largely attributable to its unfailing business
philosophy that is centred on people.
"We
have always strived to attract, develop and retain the best people in the
industry with the purpose of creating life-long, mutually beneficial
partnerships with our customers and partners. Doing things right first time
epitomizes the philosophy of EOH.”
The
company, which will continue to grow through deals and organically, plans to
add new products and services, continue its expansion into Africa and the Middle
East and will further grow the distribution of its own niche software products
internationally.
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