The fast expanding technology consulting and solutions services business has underpinned significant revenue growth for the Finite Group national technology recruitment firm.
Finite Group managing director Tracy Thomson says revenues for the FY 2016 saw about 60% of revenue coming from technology and digital recruitment (Finite /NineTwenty), and 40% coming from the firm’s “fast expanding” technology consulting and solutions services business.
And Thomson says revenues were buoyed by “exceptional organic growth” within an increasingly diverse ANZ technology sector. And, ongoing expansion in New Zealand also contributed to a broader service offering and business growth.
“The Group‘s continued business transformation across ANZ in the last 12 months has focused our efforts on providing real value to our clients,” Thomson said.
{loadposition peter}“Our re-shaped service offerings continue to meet evolving market opportunities and emerging sectors. The Group is well positioned to continue on its current growth trajectory in FY18 and beyond, with more business improvement initiatives and acquisition activity already underway.
“Technology continues to evolve. Its role in facilitating growth and driving business productivity, particularly with Digital Transformation, Cloud, Analytics and Cyber Security cannot be overstated. Our clients continue to prioritise these areas, embracing efficiency and capitalising on new opportunities. The Group has progressively realigned its services around these growth areas with a suite of innovative new service offerings that have been very well received in the market.”
Strong growth in the business comes as the Finite Group climbed 11 places in this year’s AFR Top 500 Private Companies List after group revenues hit $402 million for the FY 2016, up significantly on the previous year.
“We continue to invest in our sales and delivery teams, our facilities and our technology support systems. They have played an important role in securing the best talent for our teams and clients, and in meeting client delivery expectations. Sustainability is always at the forefront of our planning. FY17 has seen all parts of the Group achieving revenue growth and increased market share, “ Thomson notes.
“New Zealand continues to be a “vibrant and valuable market for the Group, now into our third year of trading, and significantly boosted by our integration with NineTwenty. This has added some great people and a similar NZ blue chip client base. Now a solidly-performing addition to our stable, our New Zealand team is maximising growth due to new opportunities. We are seeing substantial, continued growth from this trusted and well-respected NZ brand.
“FinXL’s performance continues to be outstanding. Ongoing expansion into new service offerings has seen rapid expansion and adoption with a host of new and existing clients. Its specialist digital division, XL digital, launched in 2015, continues to evolve. Strong market demand for FinXL’s multi award-winning services across the Tasman also continues to bolster our success.
"We are also proud to be the recipient of further industry awards. Finite was recently names as “Best Technology Recruiter, 2017” by CV Magazine. FinXL won its fourth consecutive ABA100 Australian Business Award, recognising excellence in Project Management, while Finite won its second ABA100 Australian Business Award, championing its Service Excellence. Finite is also a finalist in the Global Recruiter Awards for 2017," Thomson concluded.