EOH announces impressive results

EOH has announced its interim results for the six months ended 31 January 2016, which show a 30% increase in revenue and a 36% increase in profit after tax.

EOH is the largest technology service provider in South Africa, with a wide range of outsourcing, cloud, managed services, industrial technologies, and business process outsourcing solutions.

It has 11,500 staff, and delivers services to over 5,000 enterprise customers.

During the six months ended 31 January 2016, revenue increased by 30% to R6 billion, and profit before tax increased by 43% to R670 million – when compared to the previous corresponding period.

The growth is attributable to a combination of strong organic growth and recent acquisitions, said the company.

Organic growth accounted for 54% of revenue after considering all acquisitions since 1 February 2015.

Headline earnings per share increased by 24%, and earnings per share increased by 23% – with cash and cash equivalents of R1,561 million at the end of the reporting period.

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EOH announces impressive results