The South African-based Information and Communication Technology services group also saw an increase in earnings per share by 30 per cent to 447 cents from 343 cents in 2013.
[DATA EOH:EOH Holdings Limited] said its revenue surged 42 per cent to 7.2 billion rand from five billion rand in the same comparable period last year, this is according to the group’s results for the year ended 31 July 2014.
(READ MORE: Interim results highlight EOH’s considerable cash resources)
“The revenue derived from software, which increased by 7.3 per cent, comprises the sale of software licences and the annual maintenance fees in respect of such software and accounts for 10.2 per cent of total revenue yielding a margin of 12.5 per cent,” said EOH in a statement.
The company is upbeat about the growth prospects.
“EOH will continue to grow aggressively through the development of new solutions, new lines of business and the enhancement of industry specific businesses,” the company said.
“The growth will be organic, complemented with strategic acquisitions. Growth will be focused on information technology outsourcing and processes, information management, analytics and digitalisation.”
EOH said industry technology will be another major growth area for the group.
(READ MORE: EOH finds Sybrin’s African presence attractive)
“EOH sees public sector involvement as both a responsibility and a business opportunity. With its wide range of offerings, expertise and experience, EOH can help contribute to improved service delivery in this important sector of the economy,” added the company.
EOH employs over 8,000 people providing end-to-end solutions for over 2,000 enterprise clients in all major industries.