EOH CEO Asher Bohbot. Picture: SUNDAY TIMES
EOH CEO Asher Bohbot. Picture: SUNDAY TIMES

Computer group EOH grew its interim revenue 21% to R7.2bn and its aftertax profit 29% to R597m in the six months to end-January.

Shunning the local technology industry fashion of acquisitive growth outside SA, EOH said 80% of its revenue growth was organic and 87% came from its home market during the reporting period.

"EOH intends to continue its involvement in all tiers of government and state-owned entities to improve service delivery," CEO Asher Bohbot said in the results statement released on Wednesday morning.

"EOH sees its involvement in the public sector as both a business opportunity and as a responsibility."

EOH financial director John King speaks to Stephen Gunnion about half-year results, which show a 22% increase in headline earnings per share.

The group splits itself into five divisions. The largest is information technology services, which contributed 35% of group revenue and 37% of pretax profit. Services revenue grew 20% and profit 27% from the matching period in 2015.

The division showing the fastest profit growth was business process outsourcing (BPO). Its pretax profit jumped 61% on revenue growth of 15%.

Its software division grew pretax profit 54% revenue growth of 33%, and its information technology infrastructure division grew profit 51% on 26% revenue growth.

EOH does not pay an interim dividend.

The group expects future growth to come from expansion outside SA.

"EOH is increasingly becoming a multinational company and we will continue to expand in Africa and the Middle East," Bohbot said.

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