South African consulting, technology and outsourcing solutions company EOH says it is focused on growing its activities in Africa after reporting a strong set of full year results.

For the year ended 31 July 2014, the Johannesburg Stock Exchange (JSE) listed EOH on Wednesday reported a revenue increase of 42% to R7.22 billion while its profit after tax soared 49% to R492 million.

EOH offers services that range from applications, IT Management, industrial technologies and Business Process Outsourcing ('BPO'). The company says it has a presence in 134 locations in South Africa, 29 African countries and the UK.

EOH has been a rising star in South Africa’s IT space with its strong results driving its share price growth on the JSE. EOH’s share price has shot up from the R68 mark in September 2013 to nearing a high of R100 this month.

And the company says the rest of Africa is key for its future growth.

“EOH (is) focused on enhancing its service offering in the financial services, telecommunications, energy and local government sectors and growing its activities in Africa,” the company says in a trading statement.

“EOH has made good progress in its foray into Africa and now has activities in 29 countries. EOH plans to increase its in-country presence by increasing its service offerings and through partnerships, joint ventures and acquisitions,” notes the company.

In August 2013, EOH acquired 100% of the share capital of specialised developer of software products for the financial services industry, Sybrin Ltd and Sybrin Systems (Pty) Ltd, for R283 million, a key play for greater African business.

“EOH acquired the shares in Sybrin to strengthen its financial services industry vertical and its expansion into Africa,” notes the company in its trading statement.

(Pictured: CEO of EOH Holdings Asher Bohbot.)