ASG signs new $23.8m Federal Government contract
ASG has signed a new $23.8 million contract with the Department of infrastructure and Regional Development.
The five year deal will see the Perth-based IT business solutions provider delivering infrastructure services, desktop services and end-to-end service management across the departments ICT environment.
The new deal is a continuation of a longstanding relationship between ASG and the Department of Infrastructure and Regional Development, for whom ASG has been providing managed services for more than seven years.
Geoff Lewis, ASG chief executive, says the company’s track record in delivering high-quality managed services, along with its ‘innovative new world solutions continues to demonstrate and deliver real benefits and value for money for our Federal Government customers’.
The deal continues a string of recent signings, with ASG signing a $40 million, three year managed services contract with Western Power in August, and a $35 + million, five year deal with international contractor CIMIC in July.
The company’s FY15 results saw revenue up 2.6% to $164.3 million and services revenue up 4% for the year ending 31 July, 2015, with revenue impacted by new managed service commencement delays.
EBITDA was down 8.1% to 20.2 million.
The company had an additional $2.1 million of bid and contract establishment costs as a record amount of contracts were signed in FY15.
Lewis says the re-signing of the Department of Infrastructure and Regional Development is a further example of the strength of the companies New World managed services business model, contributing to ASG’s locked-in annuity revenue base for a further five+ years.