On 22^nd August 2018, Vocus announced its FY18 financial results. Despite revenue and EBITDA increasing slightly, net profit fell 16%. Its SMB product Commander posted a revenue decline of 15%.

Vocus needs to take immediate action to make the most of its fixed asset opportunities, acquire larger market share in Enterprise in NSW and VIC, and focus on differentiated products that reduce its dependence on legacy solutions.

Vocus’ FY18 year was described as a “year of significant change”, and that “missteps” were taken that meant the company did not “execute the opportunities in front of them”. There is a need to move with a sense of pace and urgency to order to stop declines and remain competitive.

Overall, though revenue and EBITDA experienced slight increases on FY17, net profit declined 16% due to increased CAPEX flows. Key financials are given below.