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Bulletproof gains financial momentum

Julia Talevski | Aug. 28, 2015
Key customer wins with Rabobank, Hyundai, Qantas, Amaysim and Inchcape have contributed towards Bulletproof’s growth during FY15.

Key customer wins with Rabobank, Hyundai, Qantas, Amaysim and Inchcape have contributed towards Bulletproof’s growth during FY15.

It is also conducting a trial with Dick Smith for one its application platform products.

The ASX-listed Cloud services provider has seen its revenue grow 59 percent to $29.2 million and net profit turn from $3.1 million loss in FY14, to $4.4 million in the black in FY15.

Bulletproof CEO, Anthony Woodward, said growth in managed public Cloud revenues outperformed its expectations, making up 37 percent of its revenue base for the period – up 300 percent from FY14.

“Our strengthened consulting offering resulted in one-off revenues growing around 150 percent year-on-year, reflecting the strong demand customers have for our expertise in advising, migrating and then supporting their applications in the Cloud,” Woodward said.

The Cloud services provider invested in staff, expanding its specialised technical services, counting 130 employees across Sydney, Melbourne and USA.

In December, Bulletproof acquired Pantha Corp, which brought in 22 staff and a range of Cloud consulting capabilities.

 

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