Infinity Solutions doubles profit

But Infinity CEO says result is only 'adequate'

Infinity Solutions has more than doubled its profit in calendar year 2005, to $4.16 million. This compares with $1.9 million in 2004.

The result exceeded expectations. On an operating revenue of $65.5 million it is an “adequate” not an outstanding level, says CEO Stuart Robb. The revenue figure represents a 19% rise over 2004.

Success was broad-based, but sale of specialist infrastructure solutions, particularly storage, was the best performing sector. “Our software teams had good growth, as did IT support,” he says.

Build-up of goodwill in the market from having successful customers able to serve as reference sites has been an important factor in the earnings growth, Robb says.

Doing business in a mature technology means market relationships are the important factor, he says. “Products are widely understood and available from many places. What businesses increasingly recognise is the importance of getting people, processes and systems strategically aligned in order to achieve successful outcomes.

“This is where we come into our own, by providing service in relationships built on knowledge, mutual respect and trust.”

Infinity will pay an increased dividend of 2 cents per share, and will additionally buy back three in every 20 shares, at 49 cents per share. “We have more cash than we need in the bank, and we are repaying our shareholders who provided capital in the early days.”

The company plans to list on securities trading facility Unlisted in late April.

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