CSG’s half-year sales increase eight percent

CSG has clocked in an eight percent rise in revenue to hit $116.9 million for the half year.

The company also posted a 12 percent rise in its earnings before interest, tax, depreciation and amortisation (EBITDA) to $17.3 million. Net profit after tax (NPAT) rose 10 percent to reach $11.1 million.

The company said the growth was helped by contract wins in its 'communication-as-a-service' business, including a $2.5 million deal with an unnamed customer. The service is run in partnership with US-based unified communications company 8X8.

CSG also scored a 'boardroom as a service' contract with a New Zealand retail bank.

CSG chief executive Julie-Ann Kerin said: “We are pleased with the continued success of our new technology as a service offering. We are excited to be working with some of the world’s leading technology brands in delivering innovative cloud solutions to our SMEs and enterprise customers.

“With the release of CSG’s total office bundle in 2H FY16, we have now a complete product suite capable of delivering a single source technology solution to our customers. CSG customers can now source multiple products from one partner with one simple monthly bill and get access to state of the art technologies for minimal capital outlay.”

CSG said in a statement that it was poised to achieve a full-year revenue of greater than $255 million, a rise of 14 percent from last year’s results.

The company has also announced Stephen Anstice as its new chairman. Anstice, who has been non-executive director of CSG since August 2014, brings over 20 years of experience in the print and communications industry.

Anstice replaces the current chairman Tom Cowan who becomes a non-executive director and chairman of the remuneration and nominations committee.