Melbourne IT Limited announced unaudited consolidated earnings results for the half year ended June 30, 2017. For the period, the company reported total revenue of $91.688 million compared to $82.774 million a year ago. EBITDA was $15.304 million compared to $11.190 million a year ago. Underlying NPAT was $7.949 million compared to $4.589 million a year ago. Profit after tax was $8.126 million compared to $3.196 million a year ago. Profit after tax attributable to members of the parent was $7.920 million compared to $2.241 million a year ago. Underlying EBITDA was $16.826 million compared to $10.579 million a year ago. Diluted earnings per share was 7.42 cents against 2.27 cents a year ago. Net cash flows from operating activities was $5.865 million against $7.946 million a year ago, a decrease of 26.2%. Deferred net revenue (that is income received in advance net of prepaid costs) was $28.459 million at 30 June 2017. Earnings before interest and tax was $11.686 million compared to $7.677 million a year ago. Profit before tax was $10.582 million compared to $7.032 million a year ago. Purchase of plant and equipment and intangible assets were $1.658 million compared to $2.286 million a year ago.

The company expects to report underlying EBITDA for 2017 in the range of $37.5 million to $41.5 million. Underlying EPS is expected to be in the range of $0.17 to $0.19 per share.