This morning software billing services business Hansen Technologies Limited (ASX: HSN) reported a net profit of $23.9 million on operating revenue of $174.7 million for the full-year period ending June 30, 2017. The net profit and revenue are down 8.4% and up 17.3% respectively over the prior year.
When excluding amortisation of acquired intangibles the net profit was $27.7 million, down 3.1% on a comparable basis to the prior year.
On a constant currency basis the group's revenue would have been $8.7 million higher than the reported $174.7 million, and the group's EBITDA (operating income) was flat in a result blamed on the weakening of the British Pound and investments made "in building our global platform to support future growth". As a result the EBITDA margin came in at 25.8%, compared to 30.8% in the prior year.
The company delivered a final dividend of 3 cents per share to take full year dividends to 6 cents per share on total earnings per share of 15.3 cents. Full year EPS were down from 16.1 cents in the prior year.
The management team forecast "increased" underlying profitability in FY18 thanks in part to the profit contribution from its recently acquired Scandanavia-based Enoro software billings business.
The group also flagged the potential for more growth by acquisitions and organic growth via new technology solutions, services and partnerships.
