Australian cloud distributor Rhipe has posted its highest ever half-year revenue, raking in $69.5 million.
Revenue was up by 44 percent for the half-year ending 31 December – or $21 million – from the same period last year.
Underlying EBITDA excluding growth was up by 17 percent to $3.2 million. Gross margins were also up by 65 percent from last year to $12.9 million.
Rhipe put the strong results down to a handful of new products around Microsoft, as well as investments in south-east Asian markets.
The Microsoft distributor launched its Microsoft Cloud Solution Provider (CSP) Program in June, joining the likes of Westcon, Ingram Micro and Distribution Central with its own marketplace.
Since launching Microsoft CSP, Rhipe has added 482 customers to the program, 163 of which were completely new Rhipe customers.
Rhipe recently added public cloud services from Azure to its product lineup, which includes to Office 365, Windows InTune and Enterprise Mobility Suite.
O’Hanlon said that Rhipe has been selected as one of two Microsoft partners to implement a new Azure incentive program, but declined to mention specifics.
Overall, Rhipe operated at a net loss of $772,000 for the half-year. Chief executive Dominic O’Hanlon explained that investments throughout the year were funded through the company’s profit, and the distributor has no external debt facilities.
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