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News and Announcements

Bulletproof Annual Update 2015; Revenues up 59% & Raises 3.5m

  • Published December 16, 2015 12:07PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates
Bulletproof has had another year of exceptional growth as it executes on its strategy. The company continues to extend its lead as the go-to end to end Cloud Services company on the ASX, and the following highlights characterise the year:
  • Closed FY15 revenues up 59%, and underlying EBITDA up 42% on FY14; revenue growth was supported by 300% YoY growth on Managed Public Cloud revenues and 156% growth in Professional Services revenues as the end to end offering takes hold.
  • Completed the acquisition of Infoplex Pty Ltd on 8 October 2015, for $3.55m. Infoplex is a managed Private Cloud enterprise-focused business with c.$6m annualised revenues. The transaction was supported by a successful institutional capital raising of $3.8m that completed on 23 September 2015.
  • A subsequent Share Purchase Plan to existing shareholders completed on 31 October 2015, raising a further $3.5m (when scaled back), $2m over the expected take up, reflecting strong support for the Company.
  • FY16 Q1 resulted in positive cash flows at the operating line, as the business continues to scale and invest in growth.
  • On 3 December 2015, Bulletproof was awarded Frost & Sullivan’s Managed Cloud Service provider of 2015 award – see http://www.bulletproof.net.au/bulletproof-named-2015-frost-sullivan-australia-managed-cloud-service-provider-of-the-year/ for details
Looking into 2016, the company expects to continue growing strongly, with ongoing innovation and client wins ensuring the Company stays at the forefront of Cloud Services in Australia.

ABOUT BULLETPROOF
Founded in 2000, Bulletproof Group is the leading cloud services provider to business, enterprise and government customers. Bulletproof has consistently been first to market with public and private cloud based services and innovations, including to launch a public cloud service in Australia and the first to launch a managed Amazon Web Services (AWS) offering.

Bulletproof became an AWS Premier Consulting partner in 2013 and was re-certified in 2014.

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