Business Description:
SMS Management & Technology Limited (SMS) is a consulting, technology and systems integration company. SMS specialise in improving operational performance and IT delivery by addressing everything from business integration to compliance, process improvement to change management and technology strategy to systems integration and application development. Offices are located in Australia and Hong Kong.

Strategy Analysis:
SMX's strategy is focused on achieving both organic and acquisitive growth. It plans to achieve organic growth by increasing sales to existing clients in related services and increasing market share by contesting a larger part of the market. By extending and broadening its services SMX hopes to be able to contest more market segments. Acquisitions are also a key part of SMX's strategy and the company expects to use acquisitions as a means of entering into new specialist service segments. Critical to SMX's strategies is the need to maintain a competitive advantage in attracting and retaining skilled personnel. Geographic growth is also sought by following its clients into Asia. SMS Management and Technology reported NPAT up 7% to $29.8m for the year ended 30 June 2011. Revenues from ordinary activities were $306.1m, up 23.6% from last year. Acquisitions made during the year contributed $10.3m in revenue, indicating that most of the revenue increase came from organic growth. Diluted EPS was 42.7 cents compared to 40.7 cents last year. Net operating cash flow was $19.99m compared to $29.47m last year. The final dividend declared was 16.5 cents, taking the full year dividend to 30 cents compared with 29 cents last year.