February 2008
Continuing Excellent Growth for the Finite Group
The Finite Group has posted another exceptional set of results for the period Jul – December 2007:
Group Turnover (including FinXL IT Professional Services) for six months to December 07 increased to $110M (up from $73M for the same period in 2006 – an increase of over 50%).
Year on year: Group Contracting / Consultancy revenues grew at 52%; Finite Perm revenues (including executive recruitment) grew by nearly 30%.
Commenting on the continuing very strong Group performance, Managing Director, Tracy Thomson, confirmed that:
“The Finite Group is very well placed to benefit from the exceptional organic growth opportunities still available within the buoyant IT marketplace throughout Australia (and increasingly the Asia Pacific). Despite the well reported “Skills Shortages” we are still managing to source and place high quality IT personnel in record numbers on the back of increasing demand in virtually every sector.
Notwithstanding the recent Federal Government election and traditional seasonal lull in December, demand has picked up rapidly again in January and we forecast that revenues will continue to grow on the back of continuing high demand, particularly within the Financial Services, Telco, Government and IT Vendor sectors.
Our ongoing investment in ‘our people’, ‘our offices’ and ‘our systems and infrastructure’ are also continuing to attract high calibre consultants and support personnel looking to join the Group.”
November 2007
Finite Group's Managing Director, Tracy Thomson, Entrepreneur of the Year National Category Winner 2007!
 Some of Australia’s finest business leaders and entrepreneurs were publicly recognised at the National Entrepreneur Of The Year award ceremony held in Melbourne’s Crown Casino ballroom last night. The five category winners from around Australia have come through from an original group of 83 regional finalists and represent the best of the best in entrepreneurial talent in Australia at the moment. Collectively, these entrepreneurs are providing jobs to over 10,000 people and are generating annual revenues in excess of $3 billion.
We are delighted to confirm that the Finite Group’s (which includes FinXL) Managing Director, Tracy Thomson, became the Entrepreneur of the Year 2007 National Category Winner for “Services including Financial, Business & Property”.
Tracy commented that “this was another fantastic national achievement for Finite following on from our earlier regional win in August, and could not have been possible without the support of such a talented and highly motivated team behind me. It’s also great to see the recruitment industry back on top within the Services category and recognition for the very important role our industry plays in supporting business and government on a daily basis.”
Further information on the Entrepreneur of The Year Awards program is available on the Ernst & Young website www.ey.com/au/eoy
October 2007
Finite Group back in the BRW Fast 100
FinXL’s parent, the Finite Group, are back in the BRW Magazine’s Fast 100 list of fastest growing Australian SME’s with an even better position than 2006, moving up from 87th to 76th place! The list is based on average % revenue growth taken over the last 3 consecutive years to June 07, with Finite scoring a very respectable 59%.Reported group revenues were $160.9M for FYE June 07. Finite had the largest turnover of any of the featured SME’s in this year’s list.
“The 100 fastest–growing companies battled skills shortages, a restrictive investment capital environment, increased red tape and compliance costs, and onerous taxation regimes to produce a collective turnover of $1.68 billion” – BRW Magazine.
August 2007
FinXL MD wins “Entrepreneur of the Year” Award
 FinXL’s MD, Tracy Thomson, was very honoured to receive recognition as the “Entrepreneur of The Year” Eastern Region winner in the Services Category at a black tie awards ceremony held in Sydney on August 16th. FinXL is part of the Finite Group. Tracy will now go forward to the national finals which will be announced on November 29th in Melbourne. There will also be one overall Australian Entrepreneur winner that will be selected to participate in the international finals that will take place in Monaco in 2008. The Awards program is run annually by Ernst & Young around the globe and co-sponsored in Australia by Qantas and Westpac.
July 2007
Finite Group Managing Director and Founder, Tracy Thomson, named Finalist in the 2007 Entrepreneur Of The Year Awards
Finite Group Managing Director and Founder, Tracy Thomson, named Finalist in the 2007 Entrepreneur Of The Year Awards
FinXL IT Professional Services is pleased to announce that Managing Director, Tracy Thomson, has been named a Regional Finalist in the 2007 Entrepreneur Of The Year awards. Tracy joins other leading entrepreneurs from across Australia who will compete for the ultimate prize of being named 2007 Entrepreneur Of The Year.
Tracy Thomson set up Finite from scratch in December 1998 establishing a new boutique recruitment agency in Sydney’s CBD specialising within the IT Financial Services sector, hence the name Finite. With considerable tenacity, a home-grown Access database and her entrepreneurial spirit, she backed herself and managed to persuade some impressive blue-chip organisations to give her that all important first opportunity to supply and prove her worth.
The Finite Group continues to grow rapidly now trading under two companies and three distinct brands: Finite IT Recruitment Solutions; FinXEC IT Executive Recruitment; and FinXL IT Professional Services; with Group revenues exceeding $160M for FYE 06/07, up by a staggering 50% on the previous year’s performance.
“Tracy Thomson” is always first to acknowledge that this success could not have been achieved by her alone and places her ability “to attract similar like minded individuals with compatible skill sets” as a key factor in developing the Finite Group into the dynamic and industry leading national enterprise that it is today.
Tracy Thomson will join her fellow finalists representing the Eastern States (NSW & ACT) at the regional awards ceremony on Thursday 16 August at the Four Seasons, Sydney, where the names of those progressing to the national competition will be announced. Finite appears to be the only recruiter represented amongst this year’s finalists.
Notes to Editors:
Key dates:
Eastern Region award ceremony, Sydney – August 16, 2007
National award ceremony, Melbourne – November 29, 2007
Launched in the United States in 1986, and in Australia in 2001, Entrepreneur of the Year is the first and only truly global award of its kind that celebrates entrepreneurs who build and lead successful businesses. In Australia the program is co-sponsored by Westpac and Qantas, and is supported by AusIndustry and Austrade. For further information, or to access the online EOY press pack, please visit the EOY web site at: www.ey.com/au/entrepreneur_of_the_year
March
2005
New opportunities bring further
sales growth for FinXL
FinXL continues to make impressive headway with IT consultancy
sales recorded of $6.4M for the six-month period to end
Dec 2004. Growth in all regions, including recent solid
inroads in ACT, and further new clients has enabled FinXL
to continue its expansion with over 120 consultants on assignment
in four states.
July 2004
FinXL delivers solid growth in first
year annual results
FinXL Professional Services P/L recorded an impressive
first year results with income of $2M achieved within 9
months and a very positive outlook for future sales growth.
During this initial period, consultancy personnel on assignment
from the company exceeded 50 for the first time with operations
spreading rapidly to Victoria and Queensland in addition
to New South Wales, where it all started. Managing Director,
Tracy Thomson, spoke highly of the team for the excellent
sales performance achieved and indicated that 2005 would
see sales spreading into other industry sectors and Canberra
for the first time.
September 2003
FinXL Commences Trading
Following the signing of a new vendor agreement with a
major Telco, FinXL commenced trading with its very first
consultancy assignment on 25th September. This was very
quickly followed by a second agreement with a further initial
assignment on 29th September with another major Telco, paving
the way for further substantial opportunity in this reinvigorated
up and coming sector. FinXL’s Managing Director, Tracy
Thomson, commented that “FinXL had enormous potential
to add value within tight IT budgets with clear advantages
over traditional IT consultancy sourcing methodology.”
May 2003 -
“A Start is Born”- FinXL
IT Professional Services takes shape.
Having identified a genuine gap in the market within the
Australian Telecommunications industry, Finite Recruitment
agree to the creation of an innovative new IT professional
services arm for the Finite group, offering IT Consultancy
resources with very transparent client benefits. The new
company, FinXL Professional Services P/L trading as FinXL
IT Professional Services is registered in May 2003 and preparations
are full steam ahead for its launch.
Ends-
ABOUT THE FINITE GROUP
Finite IT Recruitment Solutions is a leading independent Australian specialist IT recruitment company which was founded in 1998 and is head-quartered in Sydney.
Finite delivers quality ICT resources to its clients at all levels across Australia. With offices in Sydney, Melbourne, Brisbane and Canberra, Finite provide ICT contract, permanent and executive recruitment services and have an extensive and qualified database of top IT talent within the Finance, Telco, Commercial , ICT Vendor and Government sectors.
Finite’s sister company, FinXL IT Professional Services, also offers specialist ICT consultancy services to a growing number of leading Telco’s, Banks and Insurers, on demand.
Finite’s Managing Director, Tracy Thomson, was national winner of the Ernst & Young run “Entrepreneur of the Year” award 2007, in the Services category. For further information, please visit the EOY web site at: www.ey.com/au/entrepreneur_of_the_year
For further information please contact:
DUNCAN THOMSON
GENERAL MANAGER, FINITE IT RECRUITMENT SOLUTIONS
E: duncant@finite.com.au T: (02) 8243 6868 W: www.finite.com.au
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