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Revenue up 21%, profit up 29% for EOH

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EOH reports that revenue for the latest six months increased by 21% to R7,239-billion and profit after tax is up by 29% to R597-million.
Earnings per share (EPS) and headline earnings per share (HEPS) have grown by 23% and 22% respectively. Cash has increased by 32% to R2,053-billion, placing EOH in a strong financial position, with substantial cash resources to ensure sustainable future growth.
EOH has a wide range of IT services, software, IT infrastructure, industrial technologies and business process outsourcing (BPO) solutions. EOH’s 12 500 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 and software accounts for 83% of total revenue. All segments of EOH offerings have shown substantial growth. Revenue from IT services increased by 20%, software revenue increased by 33%, industrial technology by 15%, BPO by 15% and IT infrastructure by 26%.
“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 epitomizes the philosophy of EOH.
“EOH future growth strategy will be based on both organic and inorganic expansion,” he adds. “EOH plans to add new products and services, continue its expansion into Africa and the Middle East and will further grow the distribution of its own niche software products internationally.”
EOH views its involvement in the public sector as both a responsibility and a business opportunity. Through its range of smart government solutions, EOH 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 believes that business has the responsibility to help solve the challenge of youth unemployment. In 2012, EOH launched its EOH Youth Job Creation Initiative, with the aim of working with business partners, customers and the government to stimulate youth job creation ‘through a year-long internship programmes. So far, more than 12 000 jobs have been created through this initiative.
As part of this programme, EOH launched its own Internal learnership programme. To date more than 2 400 interns have participated in these programmes and more than 70% of these learners have been permanently employed by EOH. Another 700 learners are participating in the programme this year.
EOH is challenging all CEOs and government organisations to take at least 3% of their current staff complement as interns and learners, with the aim of creating 100 000 jobs for the youth by 2020.