SMS Management lifts 1H profit 14.9%

SMS Management lifts 1H profit 14.9%

Consulting, technology and systems integration company SMS Management & Technology (ASX:SMX) grew its 1H profit 14.9% to $15.2 million.

The company increased its ebitda 18.8% to $21 million, and revenue 24.7% to $146 million, as a result of strong sales in the face of growing competition and the deferral of some significant sales and contracts.

During the quarter, the company also acquired IBM Filenet integrator Renewtek and Microsoft Sharepoint implementer Microgenx. SMX shares dipped 1.45% on Wednesday to $6.780.

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Tags MicrosoftMergers and acquisitionsIBMfinancial resultsSMS ManagementASX:SMX

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