ASG awarded new contract
ASG Group (ASZ) said it has secured a new contract with Vodafone Hutchison Australia (“VHA”) to provide corporate IT support services for an initial term of five years with two one-year extension options. The company said there is scope to provide additional project services.
VHA was formed last year upon the merger between Hutchison 3G Australia and Vodafone Australia.
Group chief officer Sales and Strategic Operations, Murray Rosa, said the company has been providing services to Hutchison for three and a half years and is pleased to deliver this expanded offering to VHA.
“ASG has now secured more than $140 million in new public and private sector contracts across Australia in 2010, confirming our presence as the nation’s premier IT service provider,” Mr Rosa said.
The group recently announced three acquisitions, including those of Dowling Consulting, Courtland Business Solutions and Capiotech.
ASG said its outlook for earnings growth remains positive and is underpinned by a project pipeline of qualified contract opportunities of $784 million in FY11.
The company concluded by saying it is confident of continuing the trend of organic and acquisitive earnings growth into FY11 and beyond.
As at 1118 AEST, ASG shares were up 1c to $1.355.
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