In 2008, the company achieved a 2 percent growth in revenue to $61.4m and a 5 percent decline in contribution margin to $7.4m.
This is said was due in part to a slower growth in the domain names industry and challenges facing some of its key resellers due to the economic crisis and foreign exchange deterioration.
Through its Partner Solutions division, it can offer a registry and management system, online products and services.
The division continued to broaden the range of online services it provides to resellers, with Software-as-a- Service (SaaS) offerings - such as Managed Exchange Premium Email and Promotions Manager email marketing - showing strong growth increasing 40 percent in 2008 to $1.5m in revenue.
"In 2009 our Partner Solutions division will focus on re-energising some of our existing global partners and recruiting new strategic partners," said Theo Hnarakis, managing director Melbourne IT, in a report to the ASX on 24 April.
"Faced with some challenges in 2008 due to the global economic slowdown impacting key resellers, profitability in this division is expected to benefit from the weaker AUD/USD exchange rate in 2009 even though growth in domain registrations worldwide is expected to be slower than usual," he said.
"The trend of strong growth in sales of Software-as-a-Service products through this channel is expected to continue," added Hnarakis.
Mutually beneficial relationships continue to be the hallmark of the Partner Solutions division, with 239 small and medium business partners recruited in Australia in 2008 and a key strategic agreement with a major Australian wholesale partner renewed for another 24 months, the report stated.
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