Calyx revenues hit €38.4m


6 Mar 2006

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Irish ICT services player Calyx today reported revenues of €38.4m for 2005, up 12pc on €34.2m reported for 2004. The company revealed a 9.6pc increase in pre-tax profits of €1.7m, compared with €1.5m last year.

For 2005, Calyx recorded a 40pc increase in operational profits of €3.1m while earnings before interest, taxes, depreciation and amortisation grew 32pc to €4.6m.

Operational highlights for 2005 included the company’s successful initial public offering (IPO) and admission to the London AIM market in March 2005, raising €10.5m in the process.

During the year Calyx acquired three companies — Convergent in July, Quality Care in October and UK firm ITS also in October — as well as investing €1.2m in a state of the art network operations centre. Only last week Calyx acquired Irish IT security player Entropy for €4m.

“2005 has been a very successful year for Calyx,” commented the company’s chief operating officer Maurice Healy. “Having completed a successful IPO in March we also developed our Network Operating Centre (NOC) and completed and integrated three acquisitions, one of which brought us into the UK marketplace for the first time.

“We begin 2006 in a very strong position and look forward with confidence to the coming year with our NOC providing new and higher margin products, for which we are experiencing strong customer demand. 2006 will also provide a full year of contribution from our three acquisitions which have provided us with new skills, new management talent and tremendously loyal customers.

“We continue to differentiate ourselves from the competition with our high level of both voice and data skills. This becomes increasingly important as the voice over IP (VoIP) market continues to grow and converged solutions are in increasing demand,” Healy commented.

By John Kennedy