Menu
Menu
RP Data (ASX:RPX) lifts FY10 profit 38%

RP Data (ASX:RPX) lifts FY10 profit 38%

Residential property database supplier RP Data (ASX:RPX) has lifted its FY10 net profit 38% to $7.7 million, due to accelerating growth in its analytics business segment.

The company increased its revenue 18% to $57.8 million, with normalised ebitda growing 28% to $21 million.

Profit would have been $1 million higher were it not for costs associated with acquiring ValEx Group and the valuation management software division of Sandstone Technology, in a $46 million acquisition that closed earlier this month.

CEO Graham Mirabito said the integration of the units into RP Data's operations is a key objective for FY11.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Mergers and acquisitionsfinancial resultsRP DataASX:RPXGraham Mirabito

More about Sandstone TechnologyTechnology

Show Comments