Business Connexion has announced an improvement in H1 earnings and forecast. The information communications technology group, reported a 43.5% rise in revenue for the six months ended February 2012. Revenue improved to R2.69 billion from R1.87 billion before, while operating profit increased from R40.2 million to R130.8 million.
Business Connexion CEO, Benjamin Mophatlane announced a number of acquisitions and partnerships including a deal with managed hosting group RackSpace, for a push into cloud services and the purchase of Quad Automation. According to Mophatlane, the former deal would see BusinessConnexsion as an authorised cloud builder for dedicated private cloud services hosted in client data centres and BCX data centres. The deal would enable BCX to provide RackSpace Cloud: Private Edition globally. BCX, it said, would supply and deploy the solution with RackSpace managing it.
Source: Business Tech