Revenue increased to R1.3 billion (R1.2 billion). EBITDA amounted to R78.2 million (loss of R331.3 million) and an operating profit of R53.6 million (loss of R353.7 million). A net attributable profit of R29.8 million (loss of R271.8 million). In addition, headline earnings on a per share basis grew from a loss of 28.24c to 3.11cps.

Outlook
Compound annual growth rates of up to 9.5% are predicted for the ICT services market through to 2015, compared to the 8.5% growth experienced over the last year. Maintain, Support and Upgrade, Managed Services and Hosting services contributed significantly to this growth with 26.4%, 26.1% and 19.0% growth, respectively. The growth going forward is being driven by an increasing optimisation drive across the economy, prompting the outsourcing of non-core IT activities with the view to drive down cost. The convergence of IT and Telecoms, along with the rapid upgrades and refreshing of technology, is also driving the IT growth. The mobility wave should not be ignored, which is also being heavily influenced by executives adoption along with Bring Your Own Device philosophies being increasingly adopted across enterprise.

Gijima's organisational restructure has been completed, with phase two commencing in the second half of the year. This will focus on creating an organisation that aligns with the core competencies required to deliver on Gijima's objectives and vision. This phase will include, but not limited to, aspects such as cultural re-alignment along with efficiency drives. As a technology organisation regular re-invention is critical not only to dominate a market but also to remain relevant to customers.

Gijima is building a strong mobility capability, which is supported by the recent announcement of its Apple System's integration partnership, along with its relationship with MobileIron, a mobile device management company. These relationships along with internal development of mobility offerings will ensure that Gijima establishes a strong presence in the market where it concerns mobility offerings for enterprise.







2012-02-21 08:08:43