EOH revenue up 21% to R7.2 billion

JSE-listed technology services company EOH has posted very good results, with headline earnings per share rising by 22 percent, and revenue that improved by 21 percent to R7.2 billion in the six months to 31 January 2016. Moreover, operating profit margins improved despite tough economic conditions, with profit before tax up by 26 percent to R845 million.

Strong organic growth and recent acquisitions are among the reasons for the pleasing performance, the company said. During the period under review, EOH acquired nine businesses. It also said that all its divisions contributed to its growth, though services and software remain its dominant revenue drivers, accounting for 83 percent of revenue.

In a note to shareholders, EOH said it is "increasingly becoming a multinational company" and will continue to expand in Africa and the Middle East. The company said:

"We will continue to develop, distribute and implement EOH's niche software and own intellectual property solutions across our existing footprint and into new territories."