Ann: Aqura Technologies Market Update, page-7

Further to my last post on number of vacancies. Looks like there are around 30 vacancies out of a workforce of 500 or 6% spread right across Australia.

Typically when managing a profession services firm, you would budget utilisation at 70%. Given the salaries and wages are a fixed costs (most of the workforce would be on fixed salaries), a 1% increase in the utilisation would result in a 0.7% increase in the margin.

As there looks to be a shortage of workers, utilisation is theoretically going to be 74% and therefore the margin should be 2.4% higher than the budgeted margin.

I would therefore expect to see the result surprise on the up side, which would certainly explain the recent share price rises.