ISA Holdings exceeded its budget predictions for the half-year to August.
The AltX-listed information security solutions provider reported growth in turnover of 17%, to R31.7 million, which translated into earnings and headline earnings per share of 3.7c.
It says there was an "encouraging" increase in recurring revenue, to 65% of sales, which together with stronger sales-based income, resulted in improved margins.
Due to the effect of the global financial crisis on the local economy, special attention was given to the early collection of debts. This effort resulted in "a pleasing level of trade receivables" at the end of the period.
Sales outside of SA increased to 23% of turnover, resulting in a substantial dollar cash position at the end of the period.
Although the company expects the recession to start receding, ISA has not declared an interim dividend.
ISA says the "difficult economic conditions created by the knock-on effect from the worldwide recession seem to be easing, even though the speed of recovery appears tentative". The company is "cautiously optimistic" about its future prospects.
It will focus on strengthening its internal skills pool, which should result in better service to clients, it notes.
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