Technology group EOH has continued its upward momentum in the six months ended January 2015, with headline earnings per share rising by 26,4% on the back of a 39,4% increase in revenue to R4,6bn.
Profit after tax increased by 37,7% to R340m, while cash shot up by 86,6% to just shy of R1,5bn. The cash resources will be used to invest in new territories, products, services and industries, EOH said.
As in prior periods, the growth in revenue was attributed to both organic improvement and acquisitions.
“All areas of EOH’s business operations have grown with the revenue from services being the most significant revenue generator – up by more than R1bn to R3,4bn, which is 73% of total revenue,” it said in a statement on Wednesday.
“EOH plans to continue to grow aggressively in all areas through the introduction of new lines of business, industry specific solutions and new domains. Growth will be organic, complemented with strategic acquisitions. EOH’s foray into Africa will accelerate through the increase of its in-country presence, partnerships, joint ventures and acquisitions,” it said.
The public sector is also a growth opportunity for EOH, said CEO Asher Bohbot. — (c) 2015 NewsCentral Media