IT services company SMS Management & Technology says it will focus on securing long-term contracts in financial year 2016 to create stronger recurring revenues for the company, after booking a 34 per cent profit rise.
Improved cost management and stabilised project margins pushed SMS Management & Technology's full-year net profit after tax up 34 per cent to $17 million for the full year to June 30.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
