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Record Half Year for Finite Group in Exceptional Market

Posted on 22nd February 2022 by FinXL

Finite Group Managing Director, Tracy Thomson, says improved overall market conditions in the six months ended December 31 have led to a “record half” for the Group.

Group revenues grew by 14% and Gross Profit by 27%; the Group’s Australian services and consultancy division, FinXL, saw  revenues jump by 17% and GP contribution by nearly 30% year on year.

“Improved overall market conditions have resulted in a record half for the group and for FinXL in particular,” said Ms Thomson.

“Client demand for our award winning Technology services continues to grow at pace, with SAP, infrastructure, digital transformation  and defence related projects keeping  our teams across the country extremely busy.  Having one of the largest and most diverse Tech teams amongst the leading mid-tier providers positions us well to respond with agility to the current strong onshore project demand.

“More broadly, we remain well positioned over the medium term, based on our unrivalled access to technology expertise, an ever-expanding portfolio of service offerings and an enviable Blue Chip client list, all combined with a proven risk management framework and award-winning service delivery culture.”

The Group reported revenues of $236m compared with $207m for the same period a year earlier.