Half measures

Aussie ICT companies take positive views while reporting their half year results

Growing revenues from new products and services, stronger balance sheets, acquisitions paying off, and positive outlooks for the rest of the year are the messages in the recent releases of the first-half results. Aussie vendors' half-year financial results appear to be on track to deliver full-year growth in sales, revenues, and profits.

ADACEL further consolidated its market leadership with several major contract wins that are expected to underpin further growth. The outlook is for a strong improvement in revenues and earning in the next six months. Adacel has built an international reputation for its products and services and has been awarded some of the most prestigious programs in its field.

With EBITDA doing "better than expected" ALTIUM's half-year results reflect the investments made during the period in product development, recruitment, and organisational systems, and meet with the expectations set by the company at the end of December, said Nick Martin, CEO. "We are confident that we are on track to deliver the planned growth in sales, revenues, and profit for the full financial year".

IT service provider ASG announced strong growth that has generated another record half year. Geoff Lewis, MD and CEO, commented: "We look forward to the remainder of this year and beyond with confidence of growing revenue and earnings and the continued protection of our operating margins".

BRAVURA develops applications for superannuation, pension, life insurance, portfolio administration, transfer agency, and STP financial messaging. Iain Dunstan, CEO and MD, claimed the effectiveness of the company's business plan has been clearly demonstrated. "Bravura has demonstrated an ability to successfully integrate acquisitions and we are well placed to further grow the business through a blend of bolt-on acquisitions," he said.

DATA#3 MD John Grant claimed the company's performance in the first-half had "been nothing short of excellent", but cautioned that there is potential for the market to tighten in the second half as the global finance sector issues play out. "Our focus has been to recruit key management and sales professionals to increase our market coverage and share," he said.

A record performance in the half year has positioned DWS Advanced Business Solutions well for the future, according to Danny Wallis, CEO and MD. "In addition to producing an exciting financial result, DWS has achieved much in the background over the first half which will position the company for future growth as well as providing robustness as the world economies experience turbulence."

For healthcare software company IBA Health, increased revenues reflected the contribution from iSoft, which was acquired in October 2007. Gary Cohen, executive chairman and CEO of the IBA Health Group, said he was pleased with the way the iSOFT acquisition, is tracking. "We have successfully restored client confidence in the iSoft client base."

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