Empired ups guidance on recent wins

24/06/2015 - 11:10

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Perth IT company Empired has upgraded its revenue guidance for the financial year by $10 million, on the back of numerous recent contract wins totalling $65 million, and has more than doubled its staff since the start of the financial year.

Empired managing director Russell Baskerville.

Perth IT company Empired has upgraded its revenue guidance for the financial year by $10 million, on the back of numerous recent contract wins totalling $65 million, and has more than doubled its staff since the start of the financial year.

Empired has upgraded expected reported revenue for the 2015 financial year to be in the range of $120 million to $130 million, with revenue in the 2016 financial year now expected to be between $155 million and $175 million.

The company has secured $65 million in contracts out of the possible $100 million worth that it anticipated it would have won by the end of the 2015 financial year.

As a result, it has hired about 100 new staff.

“This provides a high degree of confidence in our strategy and delivering into FY16,” the company said.

Empired will enter FY16 with about 900 staff, up from about 430 staff at the start of the financial year.”

Managing director Russell Baskerville said the recently awarded contracts were all annuity based managed services contracts that provided a strong platform for further growth into the next financial year.

“Our acquisitions, now consolidated under the Empired brand in Australia and integrated into our mature structures, systems and processes are demonstrating very pleasing performance,” he said.

“We are encouraged by the high level of staff engagement across Australia and New Zealand, combined with very positive feedback from many of our customers.”

In the past month, Empired secured $45 million worth of managed services contracts from clients including Rio Tinto, Global Oil and Gas Organisation, and InterOil.

Empired shares were 1.2 per cent higher to 82 cents each at 11am.

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