ASX Announcement

Empired LogoFY17 Results 

  • Revenue $168m, up 5%
  • EBITDA $15.4m, up 105%
  • FY17 H2 EBITDA $9m, up 36% from $6.6m pcp
  • Operating cash flow $9.8m, with H2 Operating cash flow $8.9m
  • Net Debt reduced to $13.8m (Includes the re-payment of all deferred consideration by year-end)

FY17 Highlights 

  • Revenue from multi-year contracts grew to 66% of total revenue.
  • Underlying services Revenue up c10% – WA up 14%, East Coast up 6%, NZ up 11%.
  • Key growth regions ramping up with NSW sales growth of 32% and Auckland 67%.
  • Contracted Cohesion users up 56%.
  • Established an extended delivery centre in Bengaluru, India.
  • Expanding EBITDA margin from 5% to 9% with further operational leverage expected.

FY18 Outlook 

  • Expect continued market consolidation.
  • Positive growth thematic impacting broad array of industries and businesses.
  • Well placed to capture market share in circa $30+ Billion market.
  • Expect pleasing revenue growth in FY18.
  • Converting to accelerated earnings growth with strong cash conversion.
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ASX Announcement

Empired LogoEmpired Limited releases the following financial information based upon unaudited management accounts for the financial year ended 30 June 2017.

FY17 Results

  • Revenue $168m, up 5%
  • EBITDA $15.4m, up 105%
  • FY17 H2 EBITDA $9m, up 36% from $6.6m pcp
  • Operating cash flow $9.6m, with H2 Operating cash flow $8.6m
  • Net Debt reduced to $13.8m (Includes the re-payment of all deferred consideration by year-end)

FY17 Commentary & Outlook 

  • Overall sales growth of 10% from FY16 is a key indicator to forward revenue.
  • Key growth regions ramping up with NSW sales growth of 32% and Auckland 67%.
  • Empired is experiencing strong demand for digital transformation services including data analytics, modern applications and cloud.
  • Revenue growth in FY17 of 5% was constrained due to a decline in low-margin product re-sale and soft activity in the US. The US returned to growth in Q4 and we expect this growth to continue based on sales activity and pipeline.
  • Recurring revenue and revenue from multi-year contracts continued to build throughout the year providing a solid workbook on which to build in FY18.
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Rio Tinto, Empired and St George’s Anglican Grammar School strengthen ties between industry and education to run hackathon

Empired LogoRecognising the importance of STEM (Science, Technology, Engineering and Mathematics) and its place in the wider knowledge community, ASX-listed companies, Rio Tinto and Empired, have collaborated with St George’s Anglican Grammar School to run the school’s first “hackathon”.

The initiative will involve running training workshops in the lead up to the hackathon, facilitated by staff from all three organisations. Hackathons are now run worldwide and have produced industry recognised innovations, but this will be a first for St George’s.

Stuart Strickland, Empired, General Manager Western Australia says, “Rio Tinto and Empired have a decade-long, trusted partnership, and it is fantastic to be able to build on this by partnering with St George’s on this exciting initiative.

“Empired relies extensively on bringing on board enthusiastic STEM graduates from schools and universities and this initiative is a great way for us to encourage STEM as a career choice for the next generation of ICT talent, and to show our commitment to the Western Australian community.”
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Empired launches cloud-based enterprise content management service for Australian and New Zealand organisations

Empired LogoEmpired has announced the launch of Cohesion 365, a cloud-based enterprise content management (ECM) service for Australian and New Zealand (ANZ) businesses and government agencies.

Cohesion 365 is built on the Microsoft-based enterprise document and records management service and was originally created by Intergen, an Empired company, for New Zealand government clients.

Cohesion 365 is designed to help agencies meet many of their content, collaboration, and information management needs, providing a secure, easy to use, enterprise-grade service, accessible from anywhere. It is a proven service used by government agencies such as the Ministry for Primary Industries (MPI) in New Zealand, which signed a six-year Cohesion government contract for NZD$12 million in 2015.

Simon Bright, Chief Operating Officer, Empired, said, “Cohesion was set up to help public sector agencies communicate, collaborate, and meet their records management requirements with a cloud-delivered ECM service.

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Empired partners with the Royal Automobile Association of South Australia to rev up their member and customer experience

Empired LogoThe Royal Automobile Association of South Australia (RAA) has selected Empired as their primary partner to build a new digital platform to help RAA deliver on their digital transformation strategy.  Empired will develop a responsive and flexible platform that will enable RAA to grow and provide a high value and contemporary online experience to its existing membership and potential customer base.

Earlier this year Empired completed a Digital Roadmap exercise that helped RAA understand the necessary investment required over the next three years to deliver on their digital transformation strategy. RAA has now committed to a three year program of work to deliver on this strategy.

A major objective of this strategy is for Empired to develop a new platform based on the Sitecore® Experience Platform™ and Microsoft’s Azure cloud service.  This new platform will help RAA drive improved customer engagement and satisfaction, utility, and transactional capability. The implementation of this platform will also help RAA boost member and customer engagement through the personalisation of their digital experience and maintain and accelerate RAA’s membership acquisition.
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Russell Baskerville of Empired wins 2015 EY Entrepreneur of the Year award for Services in the Western Region

Empired LogoNational IT services provider, Empired, has announced that its managing director, Russell Baskerville, has won 2015 EY Entrepreneur of the Year in the Western Region Services category.

The EY Entrepreneur of the Year program is considered the world’s most prestigious business award and is held in more than 145 cities and over 60 countries worldwide. In June, 100 entrepreneurs competed in five regional programs around Australia.

In 2007, Russell Baskerville successfully listed Empired Limited (Empired) on the ASX, as a small company with an ambitious plan. The company now has over 850 employees across 11 offices in four countries.

Russell Baskerville said, “This award is testament to the continued growth and success of Empired. Empired offers local knowledge supported by strong capability and experience, and has competed against some of the largest IT services companies in the world. It has contracts with the world’s largest mining firms and a range of major state government departments across Australia.”
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Empired achieves the 2015 Microsoft Dynamics Inner Circle

Empired LogoJuly 30, 2015Empired, Australian-listed IT services company, has achieved the prestigious 2015 Microsoft Dynamics Inner Circle, an elite group of the most strategic Microsoft Dynamics partners from across the globe with sales achievements that rank them in the highest echelon of the Microsoft Dynamics global network of partners. Members of the Microsoft Dynamics Inner Circle have performed to a high standard of excellence by delivering valuable solutions that help organisations achieve increased success.

2015 Inner Circle members are invited to the Inner Circle Summit, taking place in Seattle, WA, September 1 – 4, 2015, where they will have a unique opportunity to share strategy and network with Microsoft Dynamics senior leaders and other successful Microsoft Dynamics partners from around the globe.

This recognition of the Microsoft Dynamics Inner Circle came during the Microsoft Worldwide Partner Conference (WPC) 2015, the company’s annual premier partner event, which took place this year in Orlando, Florida. WPC provides Microsoft Corp.’s partner community with the opportunity to learn about the company’s road map for the upcoming year, establish connections, share best practices, experience the latest product innovations and learn new skills.
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