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Stratatel has strong opportunities in FY11: chair

Stratatel has strong opportunities in FY11: chair

Telecom software and services provider Stratatel (ASX:STE) has a “solid pipeline of opportunities” for the year ahead, according to chairman Ian Macliver.

In a letter to shareholders, Macliver said its Stratatel Resource business, which it had acquired in July 2009, had opened up a number of opportunities through its Premier Business Partner arrangement with IBM.

“Stratatel remains committed to its strategy of continuing to grow the scale of the business both organically and through earnings per share accretive acquisitions,” he said.

Stratatel reported a 53% increase in revenue to $12.4 million in FY10, but a 64% decrease in profit to $406,000 due to investments in the Resource division.

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Tags GuidanceIBMASX:STEIan MacliverStratatelTelecommunications

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