An­sys has its sights set on fur­ther in­vest­ments

The Star Early Edition - - NEWS - Siseko Njobeni

AF­TER sig­nif­i­cantly im­prov­ing its cash po­si­tion in the year to March, AltX-listed tech­nol­ogy com­pany, An­sys has set its sights on in­vest­ing in new in­tel­lec­tual prop­erty and tech­nolo­gies.

An­sys, whose in­ter­ests span the rail, min­ing and in­dus­trial, de­fence and cy­ber se­cu­rity and telecom­mu­ni­ca­tions sec­tors, yes­ter­day re­ported mas­sive in­creases in rev­enue and prof­its.

In the year to March, An­sys in­creased cash and cash equiv­a­lents from R27.6 mil­lion to R79.2m. Re­spond­ing to a ques­tion about whether the com­pany would con­sider a div­i­dend, chief ex­ec­u­tive Teddy Daka said: “We want to be ag­gres­sive and use some of that cash.” But he said it was up to the board to de­cide on a div­i­dend.

“Through con­stant in­no­va­tion in de­sign, de­vel­op­ment and man­u­fac­tur­ing, we con­tin­u­ously im­prove our tech­nol­ogy de­vel­op­ment and in­tel­lec­tual prop­erty gen­er­a­tion in all ar­eas of our busi­ness. This has served us well in serving our clients and po­si­tion the group for fu­ture growth. Our strong cash po­si­tion will en­able us to con­tinue in­vest­ing in new IP and tech­nolo­gies, in­ter­nally as well as through ac­qui­si­tions,” said Daka.

He said the com­pany was eye­ing op­por­tu­ni­ties in fi­bre in­fra­struc­ture roll-out, min­ing and cy­ber se­cu­rity.

In the year to March, An­sys im­proved rev­enue by 70 per­cent, from R474m in the cor­re­spond­ing pe­riod last year to R806m, while profit af­ter tax soared by 239 per­cent from R20m to R67.8m. Head­line earn­ings a share in­creased by 203 per­cent from 4.86 cents a share to 14.71c a share.

“We have had an im­mense year of growth,” said An­sys chief fi­nan­cial of­fi­cer, Burt Lam­precht.

In the past fi­nan­cial year, the com­pany has fo­cused on cost con­tain­ment. “In some seg­ments it was eas­ier and in some sec­tors it was a lit­tle bit dif­fi­cult,” he said.

Over­all, the com­pany’s op­er­at­ing costs as a per­cent­age of rev­enue was about 16 per­cent, down from 18.8 per­cent.

An­sys’ telecom­mu­ni­ca­tions busi­ness in­creased rev­enue by 109.8 per­cent to R428.8m. Lam­precht said the ac­cel­er­ated roll­out of fi­bre op­tic net­works and in­creased de­mand for data con­trib­uted to the higher rev­enue.

Speak­ing at the com­pany’s re­sults pre­sen­ta­tion yes­ter­day, Daka said the telecom­mu­ni­ca­tions busi­ness was poised for fur­ther growth. “The de­mand for data still con­tin­ues. Tele­den­sity is still low.”

Lam­precht said growth in the min­ing and in­dus­trial busi­ness re­mained strong de­spite the de­pressed mar­ket con­di­tions. Rev­enue in the min­ing and in­dus­trial busi­ness was up 109 per­cent to R89.3m, while profit soared from R4m to R7.7m. “This per­for­mance is driven mainly by mine safety and health obli­ga­tions. A lot of the prod­ucts that we sell (go) di­rectly into that.”

An­sys shares were up 1.64 per­cent on the JSE yes­ter­dayto close at R1.24.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.