EOH has announced that revenue for the year ended 31 July 2014 has increased by 42% to R7 220-million, and profit after tax is up by 49% to R492-million.
EOH has a presence in 134 locations in South Africa, 29 African countries and the UK. The company employs over 8 000 people, providing for over 2 000 enterprise clients in all major industries, and has been listed on the JSE since 1998.
EOH will continue to grow aggressively through the development of new solutions, new lines of business and the enhancement of Industry specific businesses.
Growth will be focused on outsourcing Information Technology and Processes, Information Management, Analytics, Mobility and Digitalisation. Industrial Technology will be another major growth area. EOH will begin distributing its own niche IP Software products internationally; this growth is significant in both size and strategic importance to EOH’s future.
The board of directors of EOH expressed its satisfaction with the performance for the period under review. Revenue increased by 42% to R7 220-million and profit after tax is up by 49% to R492-million. The growth is attributable to a combination of both organic growth and recent acquisitions. Earnings per share (EPS) and Headline earnings per share (HEPS) have grown by 30% and 32% respectively.
Cash has increased by 63% to R1 065-million, placing EOH in a strong financial position with substantial cash resources to ensure sustainable future growth.
All areas of EOH’s business operations have seen strong growth during the period under review, with a further shift to services in line with EOH’s strategic intent. Services revenue has increased to R5,5 billion a 51,7% increase over the previous corresponding period. Software sales have increased to R737-million a 7,3%. The revenue from infrastructure sales increased by 27,2% to R982-million. Overall margin is 9,3%.
“EOH’s success is largely attributable to its unfailing business philosophy that is centred around people”, says CEO Asher Bohbot. “We have always strived to attract, develop and retain the best people in the industry with the purpose of creating life-long, mutually beneficial partnerships with our customers and partners. Doing things right first time epitomises the philosophy of EOH.” says Bohbot.
EOH is recognised for the quality of its people and its strong delivery capabilities. “EOH has the people, the scale, the offerings, the financial resources, the agility and the know-how to continue to grow,” concludes Bohbot.
