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Spescom still strong

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Spescom has followed the trend of most other tech firms with the release of strong interim results for the six months ended 31 March.

The company reports that revenue increased by 11,7% to R162-million compared to R145-million for the comparitive period last year. Operating profit increased to R4,9-million, up from a breakeven position in 2007.
Spescom says the improved results are due to higher margins of 3,2% (as opposed to 0,1% last year) on revenue from proprietary products and the increased contribution from service-related contracts.