MYOB Grows Revenue upto 10%

Australian accounting software company MYOB (Mind Your Own Business) grew revenue by 10 percent to $328 million for the first 12 months to 31 December.

MYOB Logo

Profit before interest, taxes, depreciation and amortization (EBITDA) increased by 19% to $153 million and pro-forma net profit after tax excluding amortization (NPATA) was $86 million, up 22 percent compared with the previous year.

Walnut Executive Officer Tim Reid said: “We enter in 2016 with great momentum We believe that the financial industry is transformed to the processing of transactions, compliance and advisory services converge in the corresponding business process.”

“We see this transformation and development prepared by MYOB single platform, which will offer accountants, accountants, small businesses and their advisor’s an unparalleled ability to succeed in business.”

MYOB Corp., Mind your own business, is an Australian multinational corporation that provides tax, accounting and other services for small and medium businesses

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