Australian expertise and enterprise consulting agency Atturra has recorded $243 million in revenues over its previous monetary 12 months to July, a formidable 36 % rise from the earlier interval.
As per the agency’s long-stated technique, Atturra’s $65 million soar in income from its 2023 determine resulted from each natural progress and acquisitions, the latter together with managed providers suppliers Cirrus and Sabervox.
The agency has constantly exceeded its income and EBITA targets since uniting its companies below the Atturra model in 2021 forward of an inventory on the ASX, attaining a compound annual progress price of 35 % over that point.
Supply: Attura
“We’re extraordinarily proud that even with the troublesome market in Canberra, Atturra has managed to once more overachieve our minimal benchmark of 20% income progress,” acknowledged chairman Shan Kanji. “This sturdy progress is a testomony to Atturra’s skill to proceed to execute its technique, and our imaginative and prescient of being Australia’s main advisory and IT options supplier continues to realize traction.”
Though considerably down as a share on the earlier 12 months, defence and federal authorities contracts nonetheless accounted for over one fifth of the revenues, whereas the schooling sector was Atturra’s subsequent most profitable, pushed partly by the acquisition of specialist supplier Sommerville early final 12 months. The agency’s utilities and native authorities segments additionally contributed upwards of 10 %.
Atturra additional famous that it had added greater than 80 new purchasers over the previous twelve months, with the agency having now pushed above the 900 employee-mark throughout its Sydney head workplace and different retailers in Australia, New Zealand, Singapore and Hong Kong. Atturra expects its latest acquisition of Exent will additional assist to diversify its client-base and construct up its nationwide presence.
Supply: Attura
Describing itself as the most important sovereign end-to-end supplier in most of its observe areas, the addition of the Brisbane-based administration consultancy – which is scheduled to be built-in at the beginning of subsequent 12 months – is aimed toward securing the agency extra work within the industrial sector in order to cut back its reliance on defence and authorities engagements in a difficult Canberra market.
With a continued deal with accelerating digital transformations by way of rising applied sciences, together with AI, superior connectivity, cybersecurity, and hybrid cloud, Atturra’s revenues are forecast to climb as soon as once more to nearly $300 million over the present monetary 12 months. The agency additionally intends to proceed to spend money on creating business options and its managed providers enterprise.
