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EOH reports impressive 2016 results

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EOH has reported revenues up by 31% to R930-million for its 2016 financial year.
Earnings per share (EPS) and headline earnings per share (HEPS) have grown by 25% and 25% respectively. Cash has increased by 17% to R1 949-million, and the dividend increased by 23% to 185 cents.
EOH has a wide range of IT services, software, IT infrastructure, industrial technologies and business process outsourcing (BPO) solutions. EOH’s 12 000 staff members deliver these services to over 5 000 large enterprise customers across all major industries and has 134 points of presence in South Africa. EOH operates in 31 countries in Africa and the Middle East.
“Driven by our design, build and operate approach, we are able to provide end-¬‐to-¬‐end solutions across industry verticals. EOH has the widest offerings in our industry,” says CEO Asher Bohbot.
Revenue derived from services increased by 32% and accounts for 77% of total revenue. All segments of EOH offerings have shown substantial growth. Revenue from IT services increased by 26%, software revenue increased by 39%, industrial technology by 37%, BPO by 39% and IT infrastructure by 7%.
“EOH’s success is largely attributable to its unfailing business philosophy that is centred on 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,” says Bohbot.
“EOH future growth strategy will be based on both organic and inorganic expansion. EOH plans to add new products and services, continue its aggressive expansion into Africa and the Middle East and will further grow the distribution of its own niche software products internationally.”