CNW 0.00% 6.1¢ cirrus networks holdings limited

Ann: App 4E and Annual Report, page-48

  1. 74 Posts.
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    The L7 purchase was a steal at 500k and it gave them many clients on a plate as well as references and vendor status that would have been very expensive to build up. I can tell you that it would not be WA holding them back because they are very active in that market and very well known because of the L7 and all the Cxo being there. Margins have always been an issue for them and I have been critical of it for a few years because they started drivi.g revenue through big hardware implementation projects at low margins to break into big clients. Managed services should smooth and increase the margins as the increase the customer base, but large scale services projects have better margins.
 
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