NewsBite

SMS Management and Technology's profit slides 18 per cent

Yolanda Redrup

SMS Management and Technology chief executive Jackie Korhonen has told investors to look past the company's 18 per cent fall in net profit after tax to $7.1 million for the half year, saying its organisational restructure had hampered client wins, but would be beneficial in the long run.

The IT services company has shifted away from its heritage in short-term consulting contracts, adopting the cloud and emphasising data insights.

Loading...
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

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/sms-management-and-technologys-profit-slides-18-per-cent-20160218-gmx2wn