Cloud licensing is proving a lucrative revenue-raiser for Newlease, with revenues up 45 percent to $74.5 million the 2014 financial year.
The result indicates a solid period of growth for Newlease, which continues to add customers and revenues at a rate of knots, as well as expand outside Australia.
Newlease now has more than 1,300 customers, increasing from more than 900 the previous year.
Meanwhile, EBITDA increased by 127 percent for the year, reaching $1.9 million.
The results were contained in unaudited figures released yesterday by Newlease parent company Rhype. Newlease went public under the name Rhype via a reverse takeover this year.
Rhype has not yet announced final profits for the 2014 financial year. Final accounts will be lodged "shortly".
Revenue growth is expected to continue, with 30 to 40 percent growth forecast for 2015.
The results follow a busy year for Newlease. As well as the public listing, the company is in the early stages of pushing into Asia - it is opening new offices in the Philippines, Malaysia and Indonesia as well as hiring new staff.
Newlease has also added three new vendor programs with McAfee, Datacore and Zimbra and appointed a new CEO in July. The distie this year became the first pure-play cloud licensing distributor in the world to enter Microsoft's Licensing Solution Program (LSP).
The company was founded in 2003 and provides subscription licensing for Microsoft, Citrix, Datacore, McAfee, Red Hat, Tend Micro, Veeam and VMware.
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