For the year ended 31 July 2015, EOH revenue increased by 35% to R9 734 million, profit after tax increased by 41% to R692 million; headline earnings per share (HEPS) was up 29% to 575 cents; cash increased by 56% to R1 664 million; and the dividend up 25% to 150c.
EOH has a wide range of Outsourcing, Cloud, Managed Services, Industrial Technologies and Business Process Outsourcing (‘BPO’) solutions. EOH’s 10 000 staff members deliver these services to over 2 000 large enterprise customers across all major industries and has 134 points of presence in South Africa and activities in 32 countries in Africa.
“EOH has the widest offerings in our industry,” says CEO Asher Bohbot.
During the year under review, EOH will continue with its strategy to consolidate and complement its existing services with strategic acquisitions. EOH embarked on growing its international IP software business and its service offerings in the financial services, telecommunications, energy and local government sectors. EOH also expanded its activities in Africa by joining forces with Twenty Third Century Solutions (‘TTCS’).
During the year, EOH also acquired the businesses of Construction Computer Software Proprietary Limited (‘CCS’), Managed Integrity Evaluation Proprietary Limited and Afiswitch Proprietary Limited (‘MIE Group’) and several smaller businesses. CCS develops and markets software products used by the construction industry and the MIE Group offers electronic verification services using its own proprietary software.
The revenue derived from Services increased by 27% to R7 003 million and is further segmented into revenue from Systems Integration, Outsourcing and Industrial Technologies and accounts for 72% of total
revenue. Systems Integration activities account for 36% of Services revenue and include system applications and technology solutions; software development and integration; cloud solutions; information management; security services; digital solutions; and industry-based consulting services. Revenue from outsourcing activities, which accounts for 46% of Services revenue, includes infrastructure managed services; application managed services and BPO.
Industrial Technologies Services which includes energy management; automation and control; infrastructure engineering; safety and security solutions and connectivity infrastructure, accounts for 18% of Services revenue. The revenue derived from Software increased by 60% and the revenue from Infrastructure products increased by 58%.
EOH sees its involvement in the public sector as both a responsibility and a business opportunity and through its wide range of offerings can contribute to improving service delivery. EOH intends to further
increase its involvement in the Public Sector in all tiers of government – National, Provincial and Local.
“EOH’s success is largely attributable to its unfailing business philosophy that is centred around people”, says Bohbot. “We have always strived to attract, develop and retain the best people in the industry with the purpose of creating life-long, mutually beneficial partnerships with our customers and partners. Doing things right first time epitomises the philosophy of EOH.”