Finite Group, has jumped 11 places in this year’s AFR Top 500 Private Companies List as compiled by IBIS World and published in the AFR. The move sees them climb up from 158th to 137th.
Group revenues for FY16 at over $402 million (subject to audit) were up significantly on last year, buoyed by exceptional organic growth within an increasingly diverse ANZ technology sector. Ongoing expansion in New Zealand also contributed to a broader service offering and business growth.
Finite Group’s revenues are made up roughly 60:40 with about 60 per cent of revenue coming from technology and digital recruitment (Finite/NineTwenty), and 40 per cent coming from its fast expanding technology consulting and solutions services business (FinXL).
“The Group‘s continued business transformation across ANZ in the last 12 months has focused our efforts on providing real value to our clients,” said group managing director, Tracy Thomson. “Our re-shaped service offerings continue to meet evolving market opportunities and emerging sectors. The Group is well positioned to continue on its current growth trajectory in FY18 and beyond, with more business improvement initiatives and acquisition activity already underway.
“Technology continues to evolve,” she continued. “Its role in facilitating growth and driving business productivity, particularly with digital transformation, cloud, analytics and cyber security cannot be overstated. Our clients continue to prioritise these areas, embracing efficiency and capitalising on new opportunities. The Group has progressively realigned its services around these growth areas with a suite of innovative new service offerings that have been very well received in the market.”
Finite is continuing to invest in their sales and delivery teams, facilities and our technology support systems. Each of these aspects have played an important role in securing the best talent for our teams and clients, and in meeting client delivery expectations. “Sustainability is always at the forefront of our planning,” asserts Thomson. “FY17 has seen all parts of the Group achieving revenue growth and increased market share.”
New Zealand continues to be a vibrant and valuable market for the Group. The business is now into its third year of trading in the country and has significantly boosted their work through integration with NineTwenty. Now a solidly-performing addition the New Zealand team is maximising growth due to new opportunities. “We are seeing substantial, continued growth from this trusted and well-respected NZ brand,” says Thomson.
FinXL’s performance continues to be strong. Ongoing expansion into new service offerings has seen rapid expansion and adoption with a host of new and existing clients. Its specialist digital division, XL digital, launched in 2015, continues to evolve.