For the year ended March 31 2005, BT Global Services announced an operating profit of 7m pounds ($12.9m), compared to a loss of 105m pounds ($193.3m) in the previous year, on revenue that grew by 10.4% to 6.38bn pounds ($11.75bn). Earnings before interest, tax, depreciation and amortization (EBITDA) were up 14.2% at 580m pounds ($1.07bn), compared to 508m pounds ($933.0m).
Revenue for the fourth quarter was up 16.9% at 1.93bn pounds ($3.55bn), including a combined contribution of 111m pounds ($204.3m) from Albacom, which BT acquired in December 2004, and Infonet Services Corp, purchased a month earlier.
Fourth quarter revenue from BT’s consulting and systems integration division fell 7.5% to 234m pounds ($430.5m), which the company attributed to very high initial [UK National Health Service] contract turnover in the fourth quarter of last year. Excluding the NHS contracts, consulting and systems integration revenue increased by 12% over the fourth quarter of the previous year.
All four of Hemel Hempstead, UK-based BT Global Services’ business units increased annual revenue. The solutions division, the company’s largest, grew revenue by 17% to 3.20bn pounds ($5.89bn), equivalent to 50.2% of total sales.
Growth in the Global Products and Global Carrier divisions was slower, with Global Products growing annual revenue by 3.6% to 1.90bn pounds ($3.49bn) and Global Carrier sales increasing sales by 2% to 981m pounds ($1.81bn).
