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August 29, 2015 6:10 AM ET

IT Services

Company Overview of Business Connexion Group Limited

Company Overview

Business Connexion Group Limited, an investment holding company, operates as an integrator of business solutions based on information and communications technology primarily in South Africa. The company offers cloud computing and virtualization solutions, such as computing, storage, data protection, network, VSAT, rapid application development, business intelligence, messaging, payroll, recruitment, point of sale, sharepoint, learning solutions, talent management, Web content, and xAssess; and data centre services. It also provides communication services for voice, data, and video; end to end communication solutions and infrastructure build; security solutions and assessments; advanced manag...

Business Connexion Park North

789 Sixteenth Road

Randjespark

Midrand,  1685

South Africa

7,000 Employees

Phone:

27 11 266 6630

Fax:

27 86 571 4020

Key Executives for Business Connexion Group Limited

Chief Executive Officer and Executive Director
Age: 42
Total Annual Compensation: $285.3K
Chief Financial Officer and Executive Director
Age: 46
Total Annual Compensation: $4.1M
Deputy Chief Executive Officer and Executive Director
Age: 42
Total Annual Compensation: $3.2M
Executive Director
Age: 62
Total Annual Compensation: $3.2M
Compensation as of Fiscal Year 2014.

Business Connexion Group Limited Key Developments

Business Connexion Launches New Pay-As-You-Go Service for Windows Azure Pack in Africa

Business Connexion (BCX) has launched the new pay-as-you-go service for Windows Azure Pack out of its carrier-neutral, certified Tier IV data center in Africa. The solution combines enterprise-class control and compliance with a fully managed service and self-provisioning, providing clients with flexibility and increasing their agility in the market. This, coupled with a need to be more innovative and agile, is driving cloud adoption across the continent and is transforming the data centre. The Windows Azure Pack solution can also be deployed in the client's own data centre.

Business Connexion Group Limited Reports Consolidated Earnings Results for the Six Months Ended February 28, 2015

Business Connexion Group Limited reported consolidated earnings results for the six months ended February 28, 2015. For the six months, the company reported revenue of ZAR 3,556.9 million compared to ZAR 3,067.0 million a year ago. Operating profit was ZAR 161.8 million compared to ZAR 300.3 million a year ago. Operating profit before investment income was ZAR 157.1 million compared to ZAR 298.2 million a year ago. Profit before finance costs was ZAR 173.9 million compared to ZAR 315.4 million a year ago. Profit before tax was ZAR 147.7 million compared to ZAR 297.7 million a year ago. Profit for the period was ZAR 93.2 million compared to ZAR 224.4 million a year ago. Profit attributable to equity holders of the company was ZAR 67.5 million compared to ZAR 203.1 million a year ago. Diluted earnings per share were 17.6 cents compared to 52.0 cents a year ago. Headline earnings were ZAR 67.7 million compared to headline loss of ZAR 61.0 million a year ago. Diluted headline earnings per share were 17.7 cents compared to 15.6 cents a year ago. Cash generated from operating activities was ZAR 145.5 million compared to ZAR 86.3 million a year ago. Normalized operating profit was ZAR 199.4 million compared to ZAR 158.7 million a year ago. Normalized diluted headline earnings per share were 25.9 cents compared to 20.7 cents a year ago. Operating cash flow was ZAR 282.0 million compared to ZAR 259.0 million a year ago. Return on total equity was 6.1% against 18.0% last year. Return on total assets (excluding cash and preference share investments) was 8.9% against 18.0% last year. EBITDA was ZAR 270.8 million.

Business Connexion Group Limited Provides Earnings Guidance for the Six Months Ended February 28, 2015

Business Connexion Group Limited provided earnings guidance for the six months ended February 28, 2015. For the period, the company expected to report earnings per share for the six months ended February 28, 2015 of between 17.0 cents per share and 19.0 cents per share (first half of 2014: 52.2 cents per share), representing a decrease of between 63.6% and 67.4% to the previous corresponding period. Excluding the after tax profit of ZAR 144.9 million related to the sale of QLink, EPS for the six months ended February 28, 2014 was 15.0 cents per share. Reported headline earnings per share is expected to be between 17.0 cents per share and 19.0 cents per share (first half of 2014: 15.7 cents per share), representing an increase of between 8.3% and 21.0% to the previous corresponding period. Normalized diluted head line earnings per share for the six months ended February 28, 2015, excluding transaction costs related to the proposed Telkom SA SOC Limited transaction and amortization of intangible assets, is expected to be between 25.0 cents per share and 27.0 cents per share (first half of 2014: 20.7 cents per share), representing an increase of between 20.8% and 30.4% to the previous corresponding period.

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