Macquarie Telecom says it is well-placed to take advantage of growth in the outsourcing of IT services after reporting a double-digit increase in full year net profit.
The telecommunications provider said today net profit for the 12 months to June 30, 2012 came in at $19.6 million, up 10.6 per cent from $17.7 million in the prior corresponding period.
The company, which offers internet services and IT systems to business and governments, said revenue fell 4 per cent to $221.3 million.
Macquarie Telecom said there was increasing demand for its hosting services as internet speeds became faster and as more companies looked to cloud computing for their IT needs.
"In fiscal 2013 Macquarie Telecom will continue to invest in developing its Intellicentre 2 data centre and its cloud computing capabilities to position Macquarie Telecom for strong future growth," the company said.
Macquarie Telecom chairman Robert Kaye said the data centre would enable the company to "take full advantage of future growth opportunities and capitalise on the continued demand for its hosting services".
At 9.10am Macquarie Telecom shares were up 10 cents at $9.60.
The company declared a final dividend of 12 cents per share, fully franked.