The IT services provider recorded $11.3 million in profit from a revenue of $130.6 million which rose 17.7 percent.
The result was attributed to $400 million asset bank in contracted revenue locked in over 4 years; new managed services contracts in public and private sectors and a strong balance sheet that included record operating cash flow and minimal debt.
ASG managing director, Geoff Lewis said the result had surpassed all previous financial records, reflecting a strong performance across each of the company's regions.
Earnings before interest, taxes, depreciation and amoritisation (EBITDA) exceeded May expectations of $19 million to $20.4 million.
Basic earnings per share were 8.5 cents, up 20 percent and the directors have declared a second half dividend of 4.5 cents bringing the full year dividend to 5.5 cents per share..
Recent wins include a five year Qantas contract worth $13 million and a three year $8 million contract with the Civil Aviation Safety Authority.
ASG forecasted continued growth in revenue next year.
"While we expect conditions in the broader IT services market to continue to be challenging in the year ahead, our sector of the market continues to expand and we are forecasting further growth in our revenue and earnings in FY10," said Lewis.
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