IDEAS Half-year Profit Results Up Over 20%

Ideas International Limited has posted a profit afterwards tax of $921,031 for the six months ending 30 June 2011, up 23.8% on afterwards tax revenues for the same period last year of $744,176 and is close to the upper end of the revenues guidance of between $825,000 and $925,000 issued in June.

CEO of Ideas International, Stephen Bowhill, commented, "This increase in profits was the result of an 8.5% increase in earnings and only a 1.4% increase in expenditure for the half year compared to the same period last year."

IDEAS provides Enterprise IT Technology, Insight, Analysis and Tools to computer suppliers and consultants and large corporates. The company's technology focus areas include: servers; storage; software; services and cloud. IDEAS is a openly traded company on the Australian Stock Exchange and has been in business for over 25 years. IDEAS hosts users in over 100 countries and maintains offices in the US, EMEA, and Asia Pacific.