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Investor Relations (IR) is a strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation. (Adopted by the NIRI Board of Directors, March 2003.) The term describes the department of a company devoted to handling inquiries from shareholders and investors, as well as others who might be interested in a company's stock or financial stability.
CloudINX, (Pty) Ltd. An ICT systems Cloud solutions provider, with interests in the global network of emerging markets, industry, development and ICT business service CloudINX is a holding company for a group of companies.
Through its subsidiaries, associates and other investments, the CloudINX Company operates a diversified range of businesses, focus on developing products and services that cater to the growing technology requirements. In 2008 after the emergence of two small IT companies added to the CloudINX Group the Company adopted a global consulting approach to ICT and strategic Joint Ventures.
The year 2008 will be remembered as the year when CloudINX, set records in net income and consolidated revenues as we continued our thrust to expand our geographic footprint by consulting on technology projects both local and across the globe.
We posted an increase in net income, reflecting a 3.5% improvement over the previous year, driven by sustained gains of our major businesses which include ICT solutions, in a range of industries ranging from food and beverage, manufacturing, Oil and gas, education, mining, and integrated development. This was achieved on the back of a robust 10.9% year-on-year growth in consolidated revenues, in 2017 the highest in our company’s history. All our businesses delivered strong results in 2017. And is driven by its staffs entrepreneurial development, and continued investment projects within emerging APAC markets.
Our company’s outstanding performance is a result of our continuous efforts across the ICT markets, and innovation in everything we do, we will continue to remain proactive and customer centric, in order to keep our leadership in an increasingly challenging and competitive market. This is part of our commitment and dedication to sustain our company’s growth.
While maintaining our leadership in the domestic market through a premiumization cloud strategy, with backing from internationally renowned brands and global networks, and access to over 150 countries throughout the world.
The company has also intensified its thrust to grow its recurring income stream by offering ICT business solutions, from office to data center investment, we will continue to focus on commercial projects that complement our cloud development. These undertakings are expected to provide the company with new sources of growth moving forward.
To further enhance our position in the industry, CloudINX is committed to complete its ongoing expansion programs within across EMEA, local representation which became operational in 2015, is now a preferred partner of premium brands, cloud and ICT activities and now contributes to the group’s growing revenues
Our strong operating performance in 2017 only serves to inspire us to continue to do better to accelerate our growth trajectory and maintain our market leadership. We have already laid out the foundation and made significant investments across all our business segments, both here and abroad, in order to future-proof our growth.
On that note, I would like to express my deepest appreciation to all our employees, our management team, and our business partners for their unwavering dedication and support. With our strong commitment to succeed, we look forward to setting new milestones for the Group in 2018 and beyond.