[Bronwen Kausch] Bryant Technology, which designs, manufactures and sells a range of thin client Windows terminals, branded as Sunnix terminals, has posted its first results since listing on the JSE venture capital market.
The company produced earnings of 3.32c per share, 14.7% higher than prospectus forecasts. Turnover increased 270% compared to the previous year, while operating income increased 1 277% compared to the year before, both ahead of forecast. The company plans to move to the main board of the JSE as soon as possible.
Richard Bryant, chairman and MD of Bryant for the past 26 years, is confident of his company`s future. The fact that the results where achieved purely with organic growth and without following the current IT company fashion of making acquisitions, was a point in the company`s favour, says Bryant.
He notes that the IT industry is the number one industry in the world, showing the greatest growth, but adds that he finds the markets very odd at the moment, as even the sound, profit-turning companies are losing market share.
Looking forward, Bryant is in the process of negotiating a strategic relationship with a key international player in the IT market. "We have been working very closely with them for a number of months now. We are confident that this will be one of the major growth drivers for the company as we enter the next millennium."
Bryant owns the technology and intellectual property for its product range, and expects to earn 60% of its revenue in US dollars by June 2000.
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