Atturra grows revenues by one third again to $243 million
Australian technology and business consulting firm Atturra has recorded $243 million in revenues over its past financial year to July, an impressive 36 percent rise from the previous period.
As per the firm’s long-stated strategy, Atturra’s $65 million jump in revenue from its 2023 figure resulted from both organic growth and acquisitions, the latter including managed services providers Cirrus and Sabervox.
The firm has consistently exceeded its revenue and EBITA targets since uniting its businesses under the Atturra brand in 2021 ahead of a listing on the ASX, achieving a compound annual growth rate of 35 percent over that time.
“We’re extremely proud that even with the difficult market in Canberra, Atturra has managed to again overachieve our minimum benchmark of 20% revenue growth,” stated chairman Shan Kanji. “This strong growth is a testament to Atturra’s ability to continue to execute its strategy, and our vision of being Australia’s leading advisory and IT solutions provider continues to gain traction.”
Although significantly down as a percentage on the previous year, defence and federal government contracts still accounted for over one fifth of the revenues, while the education sector was Atturra’s next most lucrative, driven in part by the acquisition of specialist provider Sommerville early last year. The firm’s utilities and local government segments also contributed upwards of 10 percent.
Atturra further noted that it had added more than 80 new clients over the past twelve months, with the firm having now pushed above the 900 employee-mark across its Sydney head office and other outlets in Australia, New Zealand, Singapore and Hong Kong. Atturra expects its recent acquisition of Exent will further help to diversify its client-base and build up its national presence.
Describing itself as the largest sovereign end-to-end provider in most of its practice areas, the addition of the Brisbane-based management consultancy – which is scheduled to be integrated at the start of next year – is aimed at securing the firm more work in the commercial sector so as to reduce its reliance on defence and government engagements in a challenging Canberra market.
With a continued focus on accelerating digital transformations through emerging technologies, including AI, advanced connectivity, cybersecurity, and hybrid cloud, Atturra’s revenues are forecast to climb once again to almost $300 million over the current financial year. The firm also intends to continue to invest in developing industry solutions and its managed services business.
