Intrapower posts revenue drop

But earnings and cash flow increase for cloud provider

Communications and technology company, Intrapower Limited (ASX: IPX), has posted a slight revenue drop from $29.4 million last year to $25.1 million for the financial year ended June 30, as a result of less interest revenue.

According to an ASX statement, the company's earnings before interest, tax, depreciation and amortisation (EBITDA) rose 7.1 per cent to $1.45 million from the previous $1.36 million.

Net profit after tax increased to $281,000 from a $3.96 million loss in 2009 when its result was affected by an impairment charge of $4.56 million. Operating efficiencies also drove costs down from 9.31 million to $7.85 million.

Cash flow also increased from $1.39 million last year to $2.26 million.

In a company statement to the ASX, Intrapower said that, due to consolidation in the voice and data industry, it had changed direction to focus on its cloud computing platform, Business On Demand, and opportunities in the small to medium business sector.

The company recently signed a [[artnid: 350464|five year $16 million deal with Wilson HTM Investment Group| Wilson HTM to float on the cloud |new]]. Intrapower migrated the company’s IT infrastructure to Business On Demand.

“Business On Demand has increased year on year, growing from 12 per cent of revenues in 2009 to 19 per cent of revenues. We expect this number will increase to approximately 35 per cent for the 2011 financial year,” said the statement.

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags intrapowerbusinesscloud computing

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Hamish Barwick

Computerworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?