Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Datacom surges to a billion
Posted on 15-Aug-2016 11:25 by Bill Bennett | Tags Filed under: Articles


Pushing into the Australian market paid dividends for privately owned Datacom.

The Wellington-based technology company reported 13 percent revenue growth to a shade over NZ$1 billion. It is the first New Zealand technology company to pass the billion dollar milestone.

In comparison profits were small. The group after tax profit was NZ$27 million, up 12 percent on the previous year.

Revenue grew 13 percent in New Zealand. The Australian and Asian business grew by the same amount.

Datacom says itís Australia Systems division saw increased demand for hybrid cloud services and the companyís new software portfolio. It says software development in Australia gained as the company boosted delivery capabilities in Melbourne and Sydney.

The company opened four new offices in the last year and now operates from 29 locations around the world.

Comment: Unlike Spark Digital, which now focuses almost exclusively on New Zealand, Datacom is increasingly international in its outlook.

This is paying off: the company is on a strong growth path, albeit with razor-thin margins.

Those slim margins are not likely to worry anyone during an expansion phase. And, anyway, cloud is a low-margin business. For now, the game is all about bulking up. Datacom is doing that with a vengeance.

Datacom surges to a billion was first posted at billbennett.co.nz


Filed under: Cloud, Enterprise Tagged: Datacom






comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

New Vodafone Broadband Plans
Created by Naithin, last reply by PhantomNVD on 20-Oct-2017 23:13 (51 replies)
Pages... 2 3 4


Chorus Fibre install
Created by MikeB4, last reply by kryptonjohn on 19-Oct-2017 14:24 (18 replies)
Pages... 2


Obesity in NZ - OECD
Created by Fred99, last reply by gzt on 18-Oct-2017 16:36 (124 replies)
Pages... 7 8 9


New phone for mum
Created by shermanp, last reply by 1eStar on 20-Oct-2017 22:47 (16 replies)
Pages... 2


Vodafone TV - Is this sky?
Created by wingbat45, last reply by richms on 20-Oct-2017 18:00 (84 replies)
Pages... 4 5 6


KRACK - WPA2 essentially cracked.
Created by michaelmurfy, last reply by Paul1977 on 20-Oct-2017 09:28 (76 replies)
Pages... 4 5 6


Amazing that some speciality shops in malls survive at all
Created by amiga500, last reply by richms on 20-Oct-2017 23:07 (14 replies)

Streaming of some All Blacks games on Allblacks.com for only $24.99!
Created by dazhann, last reply by networkn on 20-Oct-2017 22:22 (14 replies)