Company Announcement 22nd July, 2015

  • Record results expected for the full year
  • Revenue expected to be at $9.95 million
  • Underlying normalised profit before tax expected to be $4.1 million
  • Total company revenue growth over 40%
  • Underlying normalised profit before tax growth over 110%
  • SNARE new sales growth over 200%
  • SNARE total revenue growth 130%

As already reported, Prophecy has had a spectacular year with its new sales growth for the SNARE software set. This growth has continued through June and has delivered record results through to the end of our financial year.

As a result of our successful sales efforts, overall company revenue has come in at $9.95 million for the full financial year. This compares to a revenue figure of $ 7.1 million for last year and represents an overall revenue growth of 40% for the group business. The half year revenue was $4.4 million.

These expanded revenue numbers have produced a full year underlying normalised profit before tax of $4.1 million. By comparison, last year’s underlying normalised profit before tax was $1.69 million. The profit growth on that basis is 140% . It is very pleasing to report that we have doubled the half year underlying normalised profit before tax figure of $2.0 million.

The SNARE business has grown in leaps and bounds, with growth in new sales for 2015 standing at more than 200% over 2014, after excluding the impact of currency fluctuations. June was a record month and rates as our best sales month ever for SNARE, giving the team its highest quarterly sales result by far as well as a record full year result. This is an outstanding effort by our sales team.

Revenue for the SNARE business as a result grew by 130% in the year to be just shy of $6 million. This ran a long way ahead of our original target and budgets for the full year and augurs well for 2016.

A fully franked dividend is expected to be approved at the level of at least 2 cents per share to complete the full year payout with at least 4 cents per share.

The momentum in SNARE sales growth has already continued into July with $0.5 million in new sales achieved to date. Forecasts indicate that July has the potential to be the second best sales month ever, after the June record month for SNARE sales.

The FY15 financial results still need to pass through the full audit process, which is due for completion in August. In the process, the board will review the carrying value of all assets and recommend any write downs where appropriate across the legacy business lines.

View the Company Announcement for 2nd June, 2015

SNARE Sales Growth Hits 117%

Company Announcement 7th April, 2015

Prophecy subsidiary, Intersect Alliance International Pty Ltd has completed a Global Third Party Supplier Agreement with Dell Inc and SecureWorks. This agreement enables Dell, through its subsidiaries, to purchase SNARE Enterprise software solutions and resell such software to Dell customers on a worldwide basis.
Dell SecureWorks listens to clients and delivers innovative technology and services that give them the power to do more. Recognised as an industry leader by top analysts including Gartner, Dell SecureWorks provides world-class information security services to help organisations of all sizes protect their IT assets, comply with regulations and reduce security costs.
Dell SecureWorks has in excess of 4000 worldwide clients.

Over the years, many of the Dell customers have taken on part of the SNARE solution across industry areas such as finance, retail, healthcare, hospitality, security and countless others. Most Dell SecureWorks clients utilise part of the SNARE solution and there is a long history of our technologies working side by side to provide an end to end secure solution. The target now is to transition both existing and future clients to the SNARE Enterprise solution as part of the total Dell SecureWorks implementation with the full sales process available to the Dell salesforce. The SNARE Enterprise solution offers a very much enhanced environment compared to the previous versions offered and helps to provide Dell with the tools to maintain its number one market position.

The rollout for this new solution is set for May 2015, so that Dell clients can gain the benefits of this new combined approach as early as possible.

Prophecy has been in discussion with a number of the major players in the area of SIEM solutions and has a policy of working towards combined solutions that benefit end users with far better overall solutions to match the potential security threats that exist today. SNARE Enterprise has the ability to work extremely well with all major products in the market and we will continue to promote the benefits of this approach.

This new Global Agreement has the potential to significantly expand the market penetration of SNARE Enterprise software solutions and assist in the task of maintaining the growth in new sales as experienced so far during the course of this financial year. Our direct sales activity has provided a much accelerated growth in recent sales numbers, but our sales plan always involved the development of strategic partnerships along the lines of this Dell Global Agreement to assist in the process of continued growth utilising all the strengths that our SNARE Enterprise product set provides for clients worldwide.

We are very pleased to be a formal part of the world leading solution set now available to Dell SecureWorks.


Ed Reynolds

For more details visit
or call +61 (08) 8213 1200

Congratulations to our very own Steve Challans for winning the ICT Professional of the Year in the 2014 South Australian and Northern Territory iAwards.

Awarded to an ICT industry professional for outstanding innovation, commitment and achievement in their field and dedication to promoting the ICT profession. The ICT industry is made up of tens of thousands of professionals covering a myriad of disciplines from the technical to the academic, all of whom are integral to its ongoing viability and sustainability in an increasingly competitive environment.

These professionals are often renowned for their outstanding innovation, commitment and achievement in their field and their dedication to promoting the ICT profession has helped build ICT in Australia into a world leader which is envied by many countries.

Steve has over 25 years experience in the IT field, including technical and senior IT roles in commercial organisations. This experience includes over 15 years specialised in Information Security in senior roles for services organisations. Steve is a Certified Information Security Manager (CISM), Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Cisco Certified Security Professional (CCSP), Certified in Risk and Information Systems Control (CRISC), Payment Card Industry Professional (PCIP), has worked as a PCI Qualified Security Assessor (PCI-QSA) and is an ISO27001 Lead Auditor. He combines excellent communications skills with a solid technical background and an outstanding knowledge of IT practices and principles, enabling him to translate strategic objectives into practical and operable IT systems.

Steve adopts a risk-based approach to tailor security frameworks to the size and situation of his client. He has experience in IT governance principles, COBIT, ISO27001 ISMS frameworks, PCI DSS Compliance, corporate security policies, standards, and procedures, network and server security, SDLC, ITIL, Business Continuity and Disaster Recovery, and implementing SIEM logging and auditing solutions.

Steve will go on to compete at the national iAwards on 27th and 28th August with the winners being announced on Friday, 29 August in Melbourne.