Empired to service Barrick

01/08/2013 - 13:44


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Russell Baskerville

Shares in Perth technology company Empired have risen slightly on news of a contract with Barrick Gold.

Empired joined forces with Melbourne-based technology firm Oakton to bid for the multi-million dollar contract.

The two firms will work together under the contract, with Empired providing infrastructure and cloud-based managed services while Oakton will oversee the entire service delivery, including software provision.

Empired managing director Russell Baskerville said the contract win vindicated the company’s investment in cloud technology.

Empired has performed strongly over recent years and recorded the third highest total shareholder return (101 per cent) over three years in the latest results.

Its revenue for the first half of the 2013 financial year was up 9 per cent on the previous corresponding period, to $26 million.

Empired’s shares were up 3.1 per cent today to 65 cents each.

Meanwhile, Oakton’s shares were up 5.2 per cent to $1.22.



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