Cirrus Delivers Record H1 Revenues and Strong H1 Earnings

Cirrus Networks is pleased to announce another strong half year result for H1 FY19 highlighting the Company’s ongoing success in delivering on its strategy of transitioning to a Managed Services provider of choice within the Australian IT sector.

HIGHLIGHTS

  • Revenue of $45.7million up 49% on H1 FY18
  • Record EBITDA (pre options expense) of $585k and Underlying Profit of $759k
  • 136% growth in managed services
  • Eastern seaboard revenue growth of 57%
  • H1 FY19 operating cash $564k positive against $416k negative in H1 FY18, and;
  • Continued improvements in margins.

VIEW THE REPORT HERE