Feeds

Amcom grows profits with cloud demand

Insert 'silver lining' pun here...

Secure remote control for conventional and virtual desktops

Perth based fibre-optic carrier Amcom Telecommunications has boosted annual profits by 31 percent, forecasting similar growth for the year ahead bolstered by cloud services.

Amcom reported a net profit of $AU25.9 million for the year to June 30, up 50 percent. on the previous year.

In recent cloud based provision deals it has secured partnerships with BlueFire Corporation and the University of Western Australia.

Amcom CEO Clive Stein said “our recently announced cloud partnership with the University of Western Sydney was a watershed agreement for Amcom.

"It demonstrates our ability to be highly competitive for enterprise clients in the cloud space and validates our innovative service driven culture. Our core fibre business is performing exceptionally well, and we are now ideally positioned to exploit the rapid growth of the emerging cloud services market”.

Included in the profit is $AU4.3 million in proceeds from the sale of part of Amcom's stake in ISP iiNet, which took place in June. A further $AU7.8 million came from equity earnings from the remaining 20 percent% stake in iiNet, which Amcom is to offload to its shareholders in the current year.

“Our ability to now offer a comprehensive suite of hosted IT solutions in the emerging cloud computing market will drive the next growth phase in the evolution of Amcom,” Stein said. ®

Internet Security Threat Report 2014

More from The Register

next story
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
IBM, backing away from hardware? NEVER!
Don't be so sure, so-surers
Hey - who wants 4.8 TERABYTES almost AS FAST AS MEMORY?
China's Memblaze says they've got it in PCIe. Yow
Microsoft brings the CLOUD that GOES ON FOREVER
Sky's the limit with unrestricted space in the cloud
This time it's SO REAL: Overcoming the open-source orgasm myth with TODO
If the web giants need it to work, hey, maybe it'll work
'ANYTHING BUT STABLE' Netflix suffers BIG Europe-wide outage
Friday night LIVE? Nope. The only thing streaming are tears down my face
Google roolz! Nest buys Revolv, KILLS new sales of home hub
Take my temperature, I'm feeling a little bit dizzy
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.