iiNet claims Naked DSL, content services key drivers of growth

iiNet announces 50 percent increase in profits.

iiNet Monday gave itself a big pat on the back as it announced a 50 percent increase in after-tax profits for the year ending 30 June 2008.

Australia’s third largest ISP pocketed $17.8 million out of a total revenue of $251.2 million (up 9 percent), claiming that product innovation and collaborative content offerings were strong drivers of the growth.

iiNet MD Michael Malone said high uptake of Naked DSL offerings - more than 30,000 subscribers - was a major player among the services that contributed to the ISP's positive pecuniary growth.

He also cited ABC’s iView, major golf tournament highlights, iTunes, NASA TV, Internet radio and Barclays English Premier League games as examples of innovative services contributing to strong financial results.

The acquisition of Westnet in May 2008 in addition to more than 30 other ISPs have also been leveraged to deliver growth, he said. Westnet will continue to run independently under its own brand, targeting different market segments and geographies.

He said the Naked service is also maximizing its ‘on-net’ advantage by increasing the number of customers using its own network and “attacking the telephony revenues of the traditional carriers”.

“Our ‘on-net’ growth was in excess of 27 percent with the Average Monthly Revenue Per User for these customers being $50.40 and delivering the highest margin.”

Malone said the National Broadband Network as a great opportunity for iiNet “if the pre-election commitments are fulfilled”.

“The open-access NBN will open up market opportunities dramatically, increase customer choice, enable iiNet to access 100 percent of the market and deliver our innovative products and services to customers.”

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Andrew Hendry

Computerworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?