Business Services Industry
KAZ delivers $931m revenue.
Australasian Business Intelligence, August, 2005
Byline: Emma Connors
Aug 11, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Telstra's acquisition of the KAZ Group has complicated the reporting of its financial results in August 2005. The supplier of IT
services to firms such as AMP, the National Australia Bank and Qantas had to have its figures adjusted after the $A340 million purchase, which Telstra has used to support its claims that KAZ revenue rose 7.5 per cent to $A758 million. Of Telstra's $A931 million revenue generated in the solutions management division, KAZ and Telstra Business Systems,
previously known as Damovo, contributed $A394 million.
Publication Date: 12 August 2005 ...
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