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 newsletter!

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

Tags businesscloud computingintrapower

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

Hamish Barwick

Show Comments



Victorinox Werks Professional Executive 17 Laptop Case

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?