Workplace digitisation a boon for Cirrus with $6m in new IT contract wins

In a week where Australia has been rocked by cybersecurity attacks, effective management of IT services has become more critical to business management where IT and networking company Cirrus Networks (ASX: CNW) has landed three big contracts.

The largest of the contracts is a 3-year extension with the Peter MacCallum Cancer Centre which will increase their partnership to 6 years. Covering IP network carriage, telephony services, wireless, and security, the contract is valued at $4 million and will provide critical services for more than 3,200 staff and their laboratories focused on providing better treatments and potential cures for cancer.

“In the face of the pandemic and its many and varied impacts on a variety of organisations, Cirrus’s strength in delivering flexible innovative solutions to rapidly changing circumstances in a short period of time, without compromising on long-term quality service, was of significant benefit to these clients,” said Cirrus Managing Director, Matt Sullivan.

“Cirrus is pleased to have its quality of service rewarded by these renewals and extensions and looks forward to continuing to grow its managed services offering off the back of our quality of service, agility and trustworthiness to deliver.”

The second of the contracts is with the University of Western Australia for a 1-year extension valued at $1.5m with the third being the Pilbara Ports Authority signing on for a 1-year deal.

The three contracts come just three weeks after Cirrus announced a “transformative”contract win from Geoscience Australia to provide Federal Government ICT Services in a deal worth $13m over the next three years.

The recent contract wins continue an excellent year of business for Cirrus which has benefited from the digitisation of workplaces throughout the COVID-19 pandemic, where clients have a greater emphasis on network reliability.

For the Half-Year ended 31 December 2020, Cirrus Networks reported a 13% increase in revenue to $53.8m and returned to profitability with $1m net profit after a $243k net loss in the previous corresponding period.