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Cirrus Networks celebrates after 154% revenue growth

29 Jul 2015

Cirrus Networks has seen a 154% revenue growth for FY15, with unaudited revenue soaring to $14.9 million.

The IT solutions integrator says the growth was driven by key client wins, including Western Australia’s largest locally operated bank, iiNet, Curtain University, LandCorp and Emeco Holdings.

And the company says its sales pipeline continues to drive expansion into new customers through managed service, cloud and professional service offerings.

The company recently announced the signing of $1.5 million in managed service business, to contribute towards its 2016 financial year.

Those contracts include ones with mental health care support organisation Arafmi WA and community focused employment service providers Community First International as well as a large international supplier and maintenance provider of equipment to the mining industry.

The services to be provided include IT help desks, infrastructure and data centre monitoring.

Frank Richmond, Cirrus Networks managing director, says “This is a key component of our strategy to deliver increasing value to shareholders, by continuing to move up the customer value chain and transforming into a higher margin, annuity driven business.”

The company listed on the ASX earlier this month in a move Richmond says has provided the backing needed to continue expanding the company’s service offerings and drive further growth.

Cirrus Networks’ vendor portfolio includes APC by Schneider Electric, Apple, Aruba, CommVault, Dell, EMC, iiNet, Juniper, Microsoft, NetApp, Polycom, Pure Storage, Splunk, Veeam and VMware.

Last year the company was named the 2014 second fastest growing technology company in Australia in Deloitte’s Technology Fast 50 Awards.

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