Empired posts record half year

Empired posts record half year

51 per cent increase in revenue, 173 per cent increase on earnings before tax

One of the tech industry’s real growth companies, Empired, has reported a massive 173 per cent increase on earnings before tax (EBITDA) compared to the previous half year, according to an ASX report.

Revenue growth was up 51 per cent to $23.73 million in the same period, while EBITDA was $1.421 million.

The company is also expecting record growth for the full year, in guidance it provided via its ASX release.

This growth has largely been organic, and fuelled with some major contract wins.

In a release, Empired CEO, Russell Baskerville, said the company is still working with a substantial growth agenda.

“We are seeing numerous growth opportunities across our industry with the adoption of Cloud computing accelerating, capital expenditure in the resources sector continuing to grow and the trend toward multi sourcing by large Australian and multi-national companies ever expanding,” he said in the release.

The news follows Empired’s announcement of some major new hires in senior management roles, taken from some of its largest rivals around the world.

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