EOH, the technology services company listed on the JSE, has turned in stellar results for the 12 months to 31 July, lifting profit by 51,8% to R148,4m from R97,8m a year ago on the back of a healthy 43,5% increase in revenue to R2,4bn.

The company has increased its dividend to shareholders by a third on the back of the strong financial performance.

The best performance came from EOH’s services business, where sales increased by more than 66%, with margins flat at 10,7%. Software sales rose by 18,1%, with margins climbing from 10,2% to 12,1%, and infrastructure revenues climbed 20,2%, with margins climbing from 3,9% to 4,4%.

EOH, which is led by CEO Asher Bohbot, says growth was both organic and driven by recent acquisitions to strengthen its position in managed services, outsourcing and Microsoft solutions.

During the year, it acquired TSS Managed Services, which plays in the government IT space, for R130,5m. TSS’s numbers were incorporated into EOH’s books from 14 June.

EOH also bought Belay Solutions and its subsidiaries for R55,9. Belay provide Microsoft infrastructure, applications and development solutions. Two further acquisitions — of Elixir Group and Pinnacle Health Solutions — for R72m have helped EOH established a presence in the health business process outsourcing market.

During the year it also bought Compensation Technologies and CSL Consulting Services as well as several small businesses to bolster its cloud computing offerings. — Staff reporter, TechCentral