Empired Limited (ASX:EPD) has landed a $12 million contract to...

Empired Limited (ASX:EPD) has landed a $12 million contract to provide managed services for all of Western Power's corporate information technology networks across Western Australia.
   
The contract is for a 7 year term, structure as an initial 3 years with a further two 2 year options.

In addition, the company will provide a range of project services for the enhancement and development of network infrastructure to support Western Power’s business objectives.

Western Power’s electricity network in the southwest corner of Western Australia forms the vast majority of the South West Interconnected Network.

This is an isolated, self-contained network covering 261,000 square kilometres.

Empired reported record revenue of $130 million in FY2015, up 94% from the previous year. EBITDA was also up 94% to $11 million.

It has FY2016 revenue guidance of between $155 million and $175 million.

As at 30th June 2015, it had $9.6 million in cash.