News positive (though a bit old) from http://www.arnnet.com.au/article/298066/csg_continues_expansion_into_sa_100_new_staff
CSG continues expansion into SA with 100 new staff ASX-listed managed service provider announces growth plans after signing new state government contract Trevor Clarke 03 April, 2009 11:28:00
ASX-listed integrator, CSG (ASX: CSV), has followed on from strong half-yearly results to open up a new office facility in South Australia with plans to bring on 100 new staff.
The announcement comes on the back of the managed service provider signing on to the South Australian Government’s Distributed Computing Support Services (DCSS) contract.
CSG enterprise and managed services state manager, John Driscoll, said the service provider had a strong presence in SA through arrangements with BHP Billiton Olympic Dam and Mitsubishi Motors Australia, and the new staff would come on-board over the next 24 months at a Norwood office.
“The best guess on that is somewhere between now and the in the next two years will ramp up to that kind of level,� he said. “What is not quite clear is whether that is a low call or a high call. It will depend on how much of the services are managed remotely and how much is physical onsite deeper project management stuff.
“When you float a number out there it can be a scary objective. We didn’t want to put pressure on our own company or have people thinking about what that means. But it is best guess reality as far as we can see it. The growth in the managed services space is probably a paradigm that is coming into its own.�
In February, CSG joined the ranks of organisations bucking the economic downturn, posting strong half-yearly results.
The integrator posted revenue increases of 45 per cent to $85 million and a net profit after tax of $11.1 million, up 36 per cent.
The most recent announcement continues a period of growth for CSG, who last year acquired Commander’s managed services business, and education ISC CingleView, and posted impressive end-of-year results in August.
CSV Price at posting:
78.3¢ Sentiment: LT Buy Disclosure: Held
