Services demand lifts SMS Management & Technology results

18.08.2011
IT management and services company SMS Management (ASX:SMX) has reported strong revenue and earnings growth for the full year to 30 June 2011.

The company reported revenue of $306.1 million up 23.6 per cent year on year, driven by a broader service offering, expansion into Asia and greater cross selling between its divisions.

Earnings Before Interest Tax and Amortisation (EBITDA) was $42.2 million, up 10.8 per cent year on year. The result comes despite skills shortages and cost pressures.

Total full time equivalent staff grew some 22 per cent and exceeded 1700 as at 30 June 2011. The growth was the product of a number of staff attraction, retention and development initiatives against a background of competition for skilled resources.

In an ASX release, the company said it had experienced health demand for its services in industries such as financial services, resources and infrastructure, transport and utilities.

It had also introduced an infrastructure consulting and managed service practice (IC&MS).