Technology services company EOH has again reported a solid set of financial results, with headline earnings per share growing by 35,2%, from 126,9c to 171,5c, on the back of sharp growth in group revenue from R1,6bn to R2,4bn.

The interim results are for the six-month period ended 31 January.

Profit after tax increased by 53,5% to R163,5m, while cash increased from R388,8m in 2012 to R532,5m, a jump of 37%.

“EOH is now one of the strongest players in the IT arena with 6 000 people, 3 500 customers, a good brand, strong reputation for delivery capabilities and a very healthy financial standing,” says CEO Asher Bohbot, who attributes the growth to a combination of both organic growth and recent acquisitions.

All areas of EOH’s business operations enjoyed strong growth during the six-month period, with service revenue, a focus area for the group, increasing to R1,7bn, a 61,7% increase over the previous corresponding period.

The group’s software sales increased by 32,7% to R350,6m, with infrastructure sales rising by a more modest 7,7% to R378,3m.

Bohbot says the public sector is a “major business opportunity” and will form a key focus in future.

“We have the people, financial resources agility, track record, and know-how to continue to grow aggressively in all areas of our business and to expand into new services and territories. Prospects in the rest of Africa are encouraging and we see future growth in identified countries,” Bohbot says.