Sign up Australia
Proactive Investors - Run By Investors For Investors

ComOps Ltd signs multi-year contract with AirNav Indonesia

ComOps Ltd signs multi-year contract with AirNav Indonesia

ComOps Ltd (ASX:COM) has secured a major multi-year contract to provide its ComOps Workforce Management solution to AirNav Indonesia.

AirNav Indonesia manages about 2.2 million square kilometres of airspace with total flight traffic of over 10,000 movements a day.

The solution will provide enterprise workforce management capability for 1,500 air traffic services staff across its operations throughout Indonesia.

ComOps operates from its Australian development centre, clocking revenues of $8.2 million in 2015, an increase of 31% compared to 2014.

The high growth was driven by cloud/ software as a service products which now have a share of more than 55% of ComOps total revenue.

The company serves about 180 customers as at May 2016, up from 47 in June 2014 in verticals such as transportation, ports, airports, government, and hospitality.

Earlier this month, ComOps signed up with an international hotel group to provide workforce management solution. ComOps now has 6 of the top 10 global hotel brands among its clients.

The company has maintained a strong cash balance of over $1.5 million as at 31 March 2016.

Most importantly, ComOps has forecasted positive operating cash flow and significant revenue growth for FY16.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.





Register here to be notified of future COM Company articles
View full COM profile View Profile

ComOps Ltd Timeline

Newswire
August 27 2015

Related Articles

Office productivity
September 11 2017
It would have been somewhat embarrassing had an office productivity software firm not got its flagship product delivered on time, but fortunately BOS did
1504015163_Mirada.png
August 29 2017
“We are not expecting to stop here,” he told Proactive Investors. “The order pipeline is looking great. When I say great, I mean great.”
web domains - browser address bar
July 27 2017
Minds + Machines launched the review in late May after receiving a number of informal bid approaches, and discussions are ongoing.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use