Tech's ASX winners and losers of 2016

A strong year

The 2016 financial year was a strong one for many of the technology companies listed on there Australian Securities Exchange.

Across the tech stocks tracked by CRN, the majority of companies saw increases in their revenues. Most also increased earnings and net profit after tax, though some business still sunk into the red.

Here, CRN wraps up FY2016 with an overview of the full-year performance of the IT channel companies publicly listed on the ASX.

Data#3

• Revenue: $983.2 million, up 13 percent
• Earnings: $22.4 million, up 31.67 percent
• Net profit: $13.8 million, up 30.4 percent

Data#3 chief executive Laurence Baynham (pictured) said: "We are pleased to report another year of solid revenue growth and even stronger profit growth. We have now delivered four consecutive half-year reporting periods of growth. In addition to delivering strong financial results, we are also pleased with our progress against our strategic objective to increase our services related business."

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Telstra

• Revenue: $25.8 billion, up 1.9 percent
• Earnings: $10.5 billion, down 0.6 percent
• Net profit: $5.8 billion, up 36 percent

Telstra chief executive Andrew Penn said: "There is no doubt that competitive intensity has increased across our segments and products. The rollout of NBN has progressed and the pace of technology innovation has continued to accelerate. This highlights the importance of our vision to become a world class technology company and our continued efforts to improve customer advocacy, drive value and growth from our core businesses and build new growth businesses."

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DWS

• Revenue: $144.5 million, up 53 percent
• Underlying earnings: $25.8 million, up 62 percent
• Net profit: $16.8 million, up 61.5 percent

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Pictured: chief executive Danny Wallis

Hills Limited

• Revenue: down $328.9 million
• Earnings: $11.7 million, down 59 percent
• Net loss: $800,000

Hills chairwoman Jennifer Hill-Ling said: "The company will start to move beyond the recent stabilisation phase and focus on growth opportunities in FY2017 and beyond."

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Pictured: new chief executive David Lenz

Empired

• Revenue: $160 million, up 25 percent
• Earnings: $8.2 million, down 25 percent
• Net loss: $1.7 million

Empired managing director Russell Baskerville (pictured) said: "Following significant integration activities and disappointing earnings in the first half we are pleased to report a strong recovery in the second half. Importantly we have experienced pleasing operating cash flow in the second half significantly reducing our net debt level."

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CSG

• Revenue: $246.6 million, up 10 percent
• Earnings: $38.1 million, up 14 percent
• Net profit: $25.6 million, up 20 percent

CSG chief executive and managing director Julie-Ann Kerin (pictured) said: "We are pleased with the full year result and the continued growth in technology-as-a-service sales. Financial year 2016 was a successful transition year for both the business solutions and enterprise solutions divisions and we are excited about the growth outlook in Australia and New Zealand."

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Amaysim

• Revenue: $253.5 million, up 19.2 percent
• Earnings: $35.4 million, up 115.9 percent
• Net profit: $20 million, up 110.5 percent

Amaysim chief executive and managing director Julian Ogrin (pictured) said: "I’m pleased to report these financial results together with a closing subscriber base at 30 June 2016 of 966,000 across the Amaysim group. These results deliver on our guidance to the market in FY16.”

Bulletproof Group

• Revenue: $47.2 million, up 69 percent
• Earnings: $4.2 million, up 13 percent
• Net profit: $1.8 million, down 60 percent

Bulletproof chief executive Anthony Woodward (pictured) said: "We are pleased to have been able to deliver another year of strong organic growth. When combined with our acquisitions, it has been a record year for overall revenue growth. This reaffirms that our strategy is delivering responsible growth, product superiority and service excellence from a commanding, market-leading position."

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Cirrus Networks

• Revenue: $19.5 million, up 31 percent
• Net loss: $1.6 million*

Cirrus managing director Frank Richmond (pictured) said: "This is a very pleasing result in our first year as a listed entity. To continue our strong revenue growth in H2 while restructuring the business after the L7 Solutions acquisition and opening a new location in Canberra, is an excellent achievement."

*Cirrus posted an underlying loss of $1.6 million. The company's statutory loss after income tax was $7.4 million due to a one-off non-cash expense.

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Dicker Data

• Revenue: $590.3 million, up 11 percent
• Earnings: $22.5 million, up 1.3 percent
• Net profit: $12.5 million, up 13.2 percent

Dicker Data's report was for the first half of its financial year ending 31 June 2016.

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ASG

• Revenue: $188.7 million, up 16 percent
• Earnings: $26.7 million, up 32 percent
• Net profit: $12 million, up 26.1 percent

ASG chief executive Geoff Lewis (pictured) said: "The FY16 result provided an excellent springboard for ASG to deliver meaningful earnings growth in FY17 and FY18. The improvement in ASG’s margins was particularly pleasing and a reflection of tight operating disciplines, including a shift of some functions to offshore outsourcers."

BigAir Group

• Revenue: $80.7 million, up 27 percent
• Earnings: $22.3 million, up 18 percent
• Net profit: $9 million, up 7 percent

BigAir managing director Jason Ashton (pictured) said: "The growth in revenue and earnings achieved over the past year reflects BigAir Group’s ongoing expansion into the cloud and managed services markets along with continued organic growth in its existing community broadband and fixed wireless divisions."

MOQDigital

• Revenue: $33.9 million, up 989 percent
• Earnings: $812 million, up 145 percent
• Net loss: $528,400

MOQ's massive growth was due to the combination of four companies: Breeze, Technology Effect, Skoolbag and Tetran.

MOQ chief executive Nicki Page (pictured) said: "Receiving the Microsoft Australia Country Partner of the Year 2016 award and finalist for the internet of things award was a credit to our exceptional team for the high level of customer satisfaction whilst showcasing innovative solutions using advanced cloud technologies. MOQdigital was recognised for providing outstanding solutions and services in internet of things which helps to build credibility with our customers while strengthening our sales and marketing activities in this new market area."

RXP Services

• Revenue: $127.1 million, up 61 percent
• Earnings: $18.2 million, up 71 percent
• Net profit: $10.6 million, up 131 percent

RXP chief executive Ross Fielding (pictured) said: "Both acquisitions [Engage Viidacom and 10collective] have performed well and have helped to build RXP's end-to-end capabilities and are now making a significant contribution to the cross-practice opportunities we are seeing."

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SMS Management and Technology

• Revenue: $328.7 million, down 8 percent
• Earnings: $15.7 million, down 45 percent
• Net profit: $9.7 million, down 43 percent

SMSMT chief executive Rick Rostolis (pictured) said: "The performance of our SMS consulting business in 2016 was disappointing, impacted by a number of factors that saw a significant slowdown in contract wins and revenue. It has been a challenging year for SMS. We have expended considerable effort in recent weeks initiating actions to stabilise the business in order to restore growth."

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Spirit Telecom

• Revenue: $8.84 million, up 43 percent
• Earnings: up $995,000
• Net profit: down $2.14 million

Pictured: chief executive Geoff Neate

Melbourne IT

• Revenue: $85 million, up 23 percent
• Earnings: $11.2 million, up 115 percent
• Net profit: $2.2 million, up 83 percent

Melbourne IT chief executive Martin Mercer (pictured) said: "Melbourne IT has a clear strategy to transition to a solutions business with higher-quality earnings. Possibly the most important aspect of these results is the growth in our solutions revenues in both enterprise services (ES) and small to medium business (SMB)."

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Vita Group

• Revenue: $645.1 million, up 19 percent
• Earnings: $62 million, up 55 percent
• Net profit: $83 million, up 35.2 percent

Vita Group chief executive Maxine Horne (pictured) said: "As we look ahead, investment in our people programs and the technologies that support our high performing platform will remain a priority. Vita’s strategic partnership with the market leader Telstra, now more than 21 years old, will continue to be a key advantage in a highly competitive market. We are well-positioned to continue our growth trajectory into the future."

Over The Wire

• Revenue: $23.6 million, up 46 percent
• Earnings: $5.4 million, up 54 percent
• Net profit: $2.8 million, up 45 percent

Over The Wire chief executive Michael Omeros (pictured) said: "Our positive overall performance has been delivered through excellent growth across all of our product lines. We have again achieved strong organic growth and our pipeline is expanding well through our sales and marketing initiatives."

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MYOB

• Revenue: $178 million, up 11 percent
• Earnings: $82 million, up 14 percent
• Net profit: $26 million, up 33 percent

MYOB's results were for the first half of its financial year ending 31 June 2016 Click here for original story

Pictured: chief executive Tim Reed

NextDC

• Revenue: $92.8 million, up 52 percent
• Earnings: $27.7 million, up 247 percent
• Net profit: up $1.8 million

NextDC chief executive Craig Scroggie said: "The value of our national data centre network to the regional IT industry continues to grow as we bring new connectivity options to our expanding customer and partner ecosystem."

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MNF

• Revenue: $161.2 million, up 88 percent
• Earnings: $17.8 million, up 46 percent
• Net profit: $9 million, up 25 percent

MNF chief executive Rene Sugo (pictured) said: "Our strong overall performance this year is a result of solid contributions from all three segments of the business – domestic retail, domestic wholesale and global wholesale. Organic growth played a key role in this result, with domestic wholesale leading the growth with its gross profit contribution up a very solid 50 percent on last year."

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Kogan

• Revenue: $211.2 million, up 5.4 percent
• Earnings: $4 million, up 150 percent
• Net profit: up $800,000

Kogan chief executive Ruslan Kogan (pictured) said: "The above-forecast expansion of the third-party domestic product division demonstrates the increased propensity of third-party brands to choose Kogan.com as an online retail channel partner. Our ability to instantly talk to over 3.7 million Aussie consumers provides a compelling platform for leading consumer brands."

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JB Hi-Fi

• Revenue: $395 million, up 8.3 percent
• Earnings: $258.2 million, up 9.3 percent
• Net profit: $152.2 million, up 11.5 percent

JB Hi-Fi chief executive Richard Murray said: "We anticipate this [closure of Dick Smith] will continue to drive sales growth in the first half of financial year 2017; however the impact will moderate as we cycle through their decline and eventual market exit."

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Macquarie Telecom

• Revenue: $203 million, up 5 percent
• Earnings: $32.3 million, up 23 percent
• Net profit: $5.4 million, up 223 percent

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Vocus

• Revenue: $830.8 million, up 455 percent
• Earnings: $215.6 million, up 318 percent
• Net profit: $101.7 million, up 461 percent

Vocus chief executive Geoff Horth said: "We continued to increase our operating leverage from our national fibre network, focusing corporate sales on high-yielding metropolitan locations and diversifying our corporate and small business product ranges."

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Netcomm Wireless

• Revenue: $85.3 million, up 15 percent
• Earnings: $11.2 million, up 23.4 percent

NetComm chief executive David Stewart (pictured) said: "Our M2M and fixed wireless business now accounts for the majority of our revenue, making up close to 70 percent of group sales in 2016, up from 45 percent in 2015 financial year."

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Rhipe

• Revenue: $143 million, up 32 percent
• Earnings: up $5.2 million
• Net profit: $1.1 million

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Inabox Group

• Revenue: $88 million, up 37 percent
• Earnings: $5.46 million, up 121 percent
• Net profit: $859,000, up 245 percent

Pictured: managing director Damian Kay

Citadel Limited

• Revenue: $85.1 million, up 16.6 percent
• Earnings: $21.4 million, up 109.8 percent
• Net profit: $8.9 million, up 36.9 percent