UXC earnings see a 28 percent boost to AU$42.1m

Australian-listed IT consultancy firm, UXC, has posted record EBITDA of AU$42.1 million on AU$686.4 million in revenue, after securing AU$100 million in contracts during its 2015 fiscal year.

Australian IT and business solutions company UXC has announced earnings before interest, taxes, depreciation, and amoritisation (EBITDA) of AU$42.1 million for the year ending June 30, up 28 percent from last year's AU$32.8 million.

UXC reported a net profit after tax (NPAT) of AU$23.1 million, up 47 percent, year-on-year; whilst the Melbourne-based firm posted AU$686.4 million in revenue for FY2015.

In July, a three-year contract with New South Wales-owned electricity infrastructure companies Ausgrid and Endeavour Energy was awarded to UXC. The AU$25 million service desk and computing support services agreement extended UXC's existing relationship with Ausgrid, which it has been serving in an IT capacity since 2003.

Also in July, Transpower New Zealand appointed UXC as its mid-range outsource partner in a three-year deal that will see the Melbourne-based firm provide Transpower with support for a range of Oracle and Microsoft databases and server applications. The sum of the deal was not disclosed.

Earlier this month, UXC signed a three-year AU$12 million annuity cloud-based contract with water treatment and chemical distribution company, Ixom.

UXC told shareholders it signed over AU$100 million in contracts, however, the company has not said who these deals are with.

UXC reported half-yearly revenue of AU$322.2 million for the six months ending December, 2014. At the time, the record turnover was attributed to the series of acquisitions the company had made during FY14.

For FY15, UXC acquired information and cyber security services firm Saltbush Group -- which is now known as UXC Saltbrush -- for an undisclosed amount in October last year. In May, UXC, via its wholly owned subsidiary Oxygen Business Solutions, acquired the business assets of SAP systems integrator, Contiigo. The deal -- which again was monetarily undisclosed -- saw the UXC ancillary take on the customer base, intellectual property, accreditations, contracts, software, systems, and 25 employees previously under the employ of Contiigo.

Earlier this year, the Tasmanian government awarded a AU$1.7 million grant to UXC which will be dispersed over a five-year period, aimed to assist with the cost of establishing its new operation in Hobart and to secure approximately 50 million jobs.

Projecting to FY16, UXC said it had 53 percent of its revenue already confirmed.