Reckon has released its 2015 financial results, reflecting positively on a year of strong volume growth and new acquisitions despite a 14 per cent drop in NPAT.
Reckon positive despite NPAT drop
In its preliminary final report to the ASX, Reckon reported that despite a 14.1 per cent ($2.5 million) reduction in NPAT, the software provider had achieved a 4.3 per cent growth in revenue from 2014, representing a change of $4.3 million.
Sam Allert, Reckon managing director for Australia and New Zealand, told AccountantsDaily that the company was happy with the announced results, with growth present across all aspects of the business.
Mr Allert added that as a growing company, Reckon has sought to invest heavily in the future, finding success in an industry that is ripe with change and disruption.
“We’re really proud of what we’ve delivered over the last 3 or 4 years, especially over the last 12 months, and then to have these results back it up only confirms that we’re on the right track.”
Mr Allert emphasised the company’s focus on developing a strong rapport with the accounting industry as key to future growth, with resources such as training and accreditation programs forging a fruitful relationship.
“Our clients, and the profession, are very busy, and we’ve got to give them the tools to make life easier,” he said.
2015 saw Reckon acquire US-based document management system SmartVault, a move that is their spearhead into the lucrative US market, with Mr Allert praising the company’s ability to partner with client-focused businesses that are a strong cultural fit with the Reckon brand.
ASX statements have indicated that Reckon is currently assessing two potential new acquisitions in a further push to expand market share and reach.
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