Feeds

Amcom grows profits with cloud demand

Insert 'silver lining' pun here...

5 things you didn’t know about cloud backup

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. ®

Build a business case: developing custom apps

More from The Register

next story
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
VMware's high-wire balancing act: EVO might drag us ALL down
Get it right, EMC, or there'll be STORAGE CIVIL WAR. Mark my words
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
VMware vaporises vCHS hybrid cloud service
AnD yEt mOre cRazy cAps to dEal wIth
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.