Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

SpeedCast International Ltd(ASX:SDA)FY16 Annual Report and Consolidated Financial Statements  Join our daily free Newsletter

MENAFN - ABN Newswire - 20/03/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - ABN Newswire) London, Mar 21, 2017 AEST (ABN Newswire) - SpeedCast International Ltd (ASX:SDA) is pleased to provide the Company's Annual Report and Consolidated Financial Statements for the year ended 31 December, 2016.

Principal Activities

SpeedCast's core business vision is to be a leader in the provision of remote communications and IT services worldwide by focusing on creating value for customers through delivering high quality, innovative and tailored solutions with exceptional customer service. Key to the strategy is the ability to retain flexibility to react to changes in customer needs and industry trends.

SpeedCast provides products and services in the following categories:

Network Service: Design, deployment, operation and maintenance of networks, including installation and equipment configuration. Key determinants of the network service are the availability of satellite capacity, the proximity of core infrastructure required to deliver the service, and the skilled personnel to complete the network design, system integration, and follow-up maintenance and support during the lifetime of the service.

Value Added Services: SpeedCast offers its customers a range of value-added services, such as user applications (cyber security, email, voice, video conferencing, video surveillance), network optimisation (firewalls, filtering, data compression) and network monitoring and management (including reporting tools and remote access for IT technicians). Product innovation is the key to success, delivered by the ability to rapidly prototype, test, and productise new products for the SpeedCast portfolio.

Equipment Sales: SpeedCast sells equipment directly to customers including the very small aperture terminal (VSAT) terminals that send and receive transmitted data, modems, routers and other types of equipment related to the provisioning of value-added services. The ability to certify new and existing equipment on SpeedCast's network is critical, which requires skilled personnel, testing facilities and the ability to anticipate future market demand.

Wholesale VOIP: SpeedCast sells wholesale VoIP to telecom customers via the sale of voice minutes on a wholesale basis, which are then re-sold to the end user. VoIP services require a highly redundant carrier-class network backed with skilled personnel to manage, maintain and operate.

Professional Services: Professional Service is the provision of technical manpower and expertise to SpeedCast's customers. This includes the provision of manpower direct to client sites and installations supporting client owned IT and telecom equipment or as locally based technical pport to a customer with sites in a remote or difficult region supporting customer owned/SpeedCast provided hardware and services.


System Integration: SpeedCast has three decades of experience in designing and integrating multiple complex telecommunication systems. We provide project management and systems integration services to public safety, utility, oil and gas, and maritime clients with operations around the world. The company also offers turnkey systems integration of communication, security and crew morale solutions developed with robust engineering, analysis, design and project management processes and tools.

Key Developments

Fiscal year 2016 has been challenging, yet transformative for SpeedCast. Significant changes in state of affairs include:

- Global Presence - SpeedCast is now the world's leading provider of fully managed remote communication network and IT services with an extensive global footprint of local support, infrastructure and coverage coupled with world-class technology and a pervasive safety culture. SpeedCast has been added by the Standard & Poor's Dow Jones Indices to the S&P/ASX 300, effective after the close of market on March 18, 2016.

- Financial Performance - Group revenue continued to achieve double-digit growth year-on-year. The Group's core service revenues grew at a faster pace and were 34% above that of 2015.

- Major Acquisitions - In 2016 SpeedCast announced or completed four major acquisitions including Harris CapRock, NewCom International Inc., ST Teleport Pte. Ltd. and WINS Limited.

- Expansion of Maritime Business - Revenue expanded in the Maritime division through strategic acquisitions to build a leadership position in the fast-growing cruise sector.

- Steady Energy Business - The Energy sector experienced an extremely difficult year but SpeedCast managed to win market share and is strongly positioned for the upturn.

- Strong Performance of EEM Business - The Enterprise and Emerging Markets sector experienced solid growth and represents approximately half of the Group's core service revenues pre-Harris CapRock acquisition with cellular backhaul, government, enterprise and NGOs being the main revenue drivers.

- New Products and Services - A number of innovative products and services were successfully launched including a 2nd generation of SIGMA Net and Speedmail, an email service designed for maritime vessels and remote sites.

To view the full report, please visit:
http://abnnewswire.net/lnk/CG1HK4BV


About SpeedCast International Ltd

MENAFN2003201701110000ID1095331266


 


ABN Newswire




  MENA News Headlines
 Mar 23 2017 - Ripple - Instant, certain, low-cost cross-border payments.MENAFN Press
(MENAFN Editorial) iCrowdNewswire - Mar 23, 2017 Ripple Instant, certain, low-cost cross-border payments. San Francisco Digital Currency · Financial Services · Finance ...

 Mar 24 2017 - Argentinas Knee Reconstruction Industry To Propagate With Advancement In Technology: Ken ResearchMENAFN Press
(MENAFN Editorial)Ken Research has announced publication titled, “Argentina Knee Reconstruction Market Outlook to 2022” which offers key market data on Argentina’s Knee Reconstruction market with the ...

 Mar 24 2017 - Voltage Stabilizer System Market - Building Automation Shows Steady Growth as Consumers Seek SafetyMENAFN Press
(MENAFN Editorial)Global Voltage Stabilizer Systems Market: Snapshot A voltage stabilizer is used for ensuring a steady level of voltage automatically for various electrical gadgets to prevent ...

 Mar 24 2017 - Connectivity Constraint Computing Market - Ecosystem and Healthcare Management to Top Demand in Global CCC MarketMENAFN Press
(MENAFN Editorial)Global Connectivity Constraint Computing Market: Snapshot The leading factor driving the global connectivity constraint computing market currently is the scope of eliminating ...

 Mar 24 2017 - Repository Prospects of the Global Hair Dryer Industry: Ken ResearchMENAFN Press
(MENAFN Editorial)Ken Research has announced latest publication on growth estimates of Hair Dryer Industry in the global market named as, “Global Hair dryer Industry Situation and Prospects Research ...

 Mar 23 2017 - Blend Anything, Extract Everything With Kenwood's PurejuiceMENAFN Press
(MENAFN Editorial) The new range of slow press juicers is the first step towards Fresh Thinking Dubai, UAE, March 23, 2017: Making your own juice is a healthy choice. So it makes sense to ...

 Mar 23 2017 - HEC Paris in Qatar welcomes Executive MBA Class of 2018MENAFN Press
(MENAFN Editorial) Doha, Qatar March 23, 2017: HEC Paris, one of the world's top three providers of Executive Education programs, has officially welcomed its latest batch of participants for the ...

 Mar 23 2017 - Top Talents Honoured at MENA Digital Awards 2017MENAFN Press
(MENAFN Editorial) IMPACT BBDO Dubai awarded Agency of the Year and BBDO Worldwide named Network of the Year Dubai, United Arab Emirates March 23, 2017: The world's foremost digital advocates ...

 Mar 23 2017 - New services in Metrash 2MENAFN Press
(MENAFN Editorial) Dubai, UAE, March 23, 2017: The Ministry of Interior added two more new e-services to its mobile app Metrash 2 and the website of the Ministry, thanks to the commitment of the ...

 Mar 23 2017 - Celebrate the start of the spring with Lexus Select EventMENAFN Press
(MENAFN Editorial) Exclusive offers on a large Lexus line-up Dubai, UAE, March 23, 2017: Al-Futtaim Motors, leader in sustainable mobility and exclusive distributor of Lexus in the UAE, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help