Atturra revenue climbed 27% in first half of FY25

Atturra has reported a 27 percent increase in unaudited revenue to $141.3 million for the first half of its 2025 financial year compared to the first half of FY24, during a period of continued expansion.

The company’s net profit after tax rose 59 percent to $4.21 million, compared to the previous year’s first half, and gross profit was up 34 percent to $45.8 million compared to the same period.

The results come off a busy end to 2024, with a flurry of M&A activity that saw the company’s subsidiaries acquire Chrome Consulting, Plan B and ComActivity.

Atturra CEO Stephen Kowal said one area of focus that’s driving the growth is the managed services space, where the company added “necessary volume” in the first half of FY24 with a view to continue to invest in managed services sales moving forward to position for transformational deals in FY26/27.

“We're taking our traditional managed services offering, which is probably more focused on sectors like utilities and federal government, and taking that into other elements like manufacturing, education and local government,” he told us.

“We can be a key provider end to end – in education, for example, we look after more than 30,000 student laptops and we see [a way] that we can keep growing that.”

The company is also seeing demand for its Atturra Cloud Platform, an end-to-end hosted solution that comprises private cloud, private AI cloud, Nuix Neo, GPU compute and Azure & HP managed service.

“If you'd asked me five years ago, I would have got that prediction wrong, but there's definitely strong demand for private cloud,” Kowal said. “Some of that's driven by specialisation.”

“We can provide a very specific solution or service - be it in the investigation space using Nuix Neo or in the integration spaces using a hosted Boomi solution – plus we also have that classic private cloud offering too since, if it’s architected right, can be materially cheaper than the hyperscalers.”

Kowal also told us that Atturra is about to launch GPU-as-a-service.

Atturra’s focus on building a local Australian capability has been “really successful” in market, said Kowal.

“We've proved that you can do the majority on-shore delivery, build the capability up here and deliver really reliable projects,” he said.

“We've seen that sovereign focus on supply chain security go outside of government, which is one of the reasons we've invested in manufacturing. We've got a very big belief manufacturing is going to be really good for long-term growth because every country, not just Australia, is going to make sure [there’s a plan] for onshore production for supply chain security going forward.”

Kowal said that when activity starts ramping back up in government and defence, then that sovereign focus will be a strength.

“What the world learned during COVID is there's a certain amount of skills and requirements you must develop here on-shore,” he said.

“Our real pitch to government and defence is we don’t want any preferential treatment because we’re sovereign, but if we can deliver and do as well as any offshore entity, which we can, then that's when it should make a difference.”

The long-term vision for the company is for the majority of Atturra’s recurring revenue clients to have a minimum of one piece of IP within the client's solution stack. 

“Just like we have in education, for example, we want to do that across all of our industries – we want to target our long-term clients using our technology that we've embedded.”