Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Reckon positive despite NPAT drop

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.

Technology Mitchell Turner 17 February 2016
— 1 minute read

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.

Advertisement
Advertisement

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.

Reckon positive despite NPAT drop
image intro
accountantsdaily logo

The Accountants Daily 30 Under 30 Awards
This prestigious awards ceremony is the benchmark for excellence, recognising the industry’s most distinguished professionals, aged 30 and under across Australia, highlighting their outstanding achievements and dedication within the industry. Register to the waitlist today to be first in line for updates on when tickets to attend become available, visit accountantsdaily30under30.com.au to join the waitlist.

Technology