Feeds

Amcom grows profits with cloud demand

Insert 'silver lining' pun here...

Build a business case: developing custom apps

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
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Microsoft says 'weird things' can happen during Windows Server 2003 migrations
Fix coming for bug that makes Kerberos croak when you run two domain controllers
Cisco says network virtualisation won't pay off everywhere
Another sign of strain in the Borg/VMware relationship?
VVOL update: Are any vendors NOT leaping into bed with VMware?
It's not yet been released but everyone thinks it's the dog's danglies
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.