EOH’s iOCO business scores lucrative deals

iOCO, a subsidiary of JSE-listed technology services firm EOH, has scored some lucrative contracts, as the parent company puts behind its troubled past with dodgy public sector tenders.

Following certain successful resourcing and structural changes, there has been a healthy rebound in the Enterprise Application and Software business, with growth in excess of 10% being a key contributor to iOCO’s growth for the period, it notes. The Operational Technologies business continued to invest in East and West Africa and its other organic expansion plans, says the firm.

The systems integrator also signed a three-year contract at a “top tiered telco” to mature its business intelligence services and extract value from their data using artificial intelligence. It notes that the group has also seen strong performance at an EBITDA and operating profit level as the business resets and embarks on its growth strategy.

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