Dreamscape Networks has recently announced our results for the six months to 31 December 2017 (H1 FY18) as we continue investing for long term growth.
We have continued our journey away from Australian low-cost domain name provider into a premium South East Asian online solutions provider. We also have begun to see the positive impact of our recent acquisitions.
The key GROWTH figures:
- Revenue up 30% to $29.3 million
- Bookings up 17% to $29.9 million
- Adjusted EBITDA of $3.2 million
- Net profit after tax of $752,000
Dreamscape’s first-half reflected a period of substantial transition. We are profitable, generating positive cash flows, and absolutely committed to our focused South East Asian core growth strategy.
In Australia, Crazy Domains has continued to increase its total .au domain market share. Despite weak market conditions, Crazy Domains remains Australia’s number 1 domain brand.
Underpinning our core South East Asian growth strategy, Vodien Internet Solutions has performed very strongly. Since Vodien joined Dreamscape Networks last July, it has become the #1 .sg domain name and #1 hosting provider in Singapore.
The strong performance of Vodien will transfer benefits to other parts of the company, highlighting the strength of Dreamscape’s core South East Asian growth strategy.
Continuous training and development have led to high standards of customer service, achieving an average customer satisfaction rate of more than 90%. This investment in customer care is delivering Best in World service, further driving renewals and retention.
Dreamscape Networks remains committed to delivering profitable growth. While the Australian market will likely remain flat, Crazy Domains continue to maintain market share.
We see the 59% of small businesses that don’t yet have an online presence as a key opportunity. With three acquisitions completed in Australia over the past 12 months, the focus for Dreamscape Networks is to successfully integrate the businesses before the end of the financial year.