JSE-listed technology services provider EOH saw its headline earnings a share increase 25% to 719c for the year ended July 31, paired with a 37% increase in operating profit to R1.43-billion.
The company attributed the increase to a combination of strong organic growth, contributing 59% of revenue growth, and recent acquisitions. Revenue for the year rose to R12.7-billion, up 31% from the prior year, while profit after tax climbed 34% to R930-million.
“Our future growth strategy will [also] be based on both organic and inorganic expansion, CEO Asher Bohbot said in a statement, adding that the company planned to add new products and services, continuing its aggressive expansion into Africa and the Middle East and growing the distribution of its own niche software products internationally.
Cash increased by 17% to R1.94-billion, placing EOH in a strong financial position, with substantial cash resources to ensure sustainable future growth, while the dividend increased by 23% to 185c.
Revenue derived from services increased by 32% and accounted for 77% of total revenue. All segments of EOH's offering have shown substantial growth. Revenue from information technology (IT) services increased by 26%, software revenue increased by 39%, industrial technology by 37%, business process outsourcing by 39% and IT infrastructure by 7%.
EOH also intends to further increase its involvement in the public sector in all tiers of government – national, provincial and local.