Hitachi Vantara Australian revenue hits $151M
Hitachi Vantara Australian revenue hits $151M
Profit dips to $2.6 million.
Erin Mikan (Hitachi Vantara) Credit: Hitachi Vantara
Hitachi Vantara Australia has seen its revenue rise by almost a third to $151 million for the year ended March 31, 2021.
The subsidiary of Japan’s Hitachi Global gained an uplift of 28 per cent from the previous corresponding period when it posted $117 million.
However, its profit after tax fell by 16 per cent from $3.1 million to $2.6 million as its cost of sales rose from $79 million to $103 million.
The move was hailed for giving the company strengthened frontline and delivery capabilities to increase alignment and unlock the synergies between Hitachi Vantara and its vertical business units.
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