Empired hires 100 new staff
UPDATE 1.50pm: Empired has upgraded its full-year revenue guidance and announced $65 million in new contracts.
The IT services company lifted its full-year revenue guidance from a range of $110-$120 million to $120-$130 million.
It said revenue in full-year 2016 was expected to grow from a range of $145-$165 million to $155-$175 million.
Empired also announced today it had hired 100 new staff to handle its recent growth which included $65 million in new managed services contracts.
The company said it entered full-year 2016 with 900 staff, up from about 430 staff at the start of the financial year.
“This combined with the above contract wins provides management with a high degree of confidence in delivering strong revenue and earnings per share growth in full-year 2016,” the company said in a statement.
The company has embarked on an acquisition spree across the east coast and New Zealand in the past year as well as setting up an office in Singapore.
Managing director Russell Baskerville said recent contract wins were all annuity-based managed services contracts that provided an exceptional platform for further growth and enhanced the defensible nature of the firm's business model and revenue predictability.
“We are focused on continuing to build our pipeline of major strategic contracts and are again expecting a high level of new contract success into full-year 2016,” he said.
Empired shares were off one cent, or 1.24 per cent, to 80 cents shortly before the close of trade.
