Earnings before interest, tax, depreciation and amortisation increased 7.8% in the period to $11.1 million from $10.3 million. Operating revenue was up 31% for the year, cash flow from operations after expenses grew 37% to $10.8 billion and total adjusted revenue increased 21% to $42 million.
"While the global crisis that deepens by the day is putting all businesses on their mettle, Jade is well placed to weather the storm with over $50 million in revenue and a strong cash position," Jade chairwoman Ruth Richardson said.
"This year's result is the culmination of five years hard work building a business capable of profitable and sustainable growth."
Two companies acquired by Jade in 2007 - Methodware, which provided software to support governance, risk and compliance requirements for more than 600 organisations, and Empower, a transtasman provider of human resources and payroll systems - contributed 25% of the group revenue.
Further financial stability came from revenue that was contracted under multi-year contracts for software and maintenance, Ms Richardson said.
A deliberate strategy had seen the recurring revenue grow from below 40% of revenue five years ago to more than 60%.
In the past five years, Jade had generated $28.9 million in cash from operations and raised a further $25 million of new capital.
Those funds had been reinvested in product development, in new acquisitions and in the repayment of substantial levels of debt.
"Now, with $15.5 million of cash in hand and no debt due for repayment before July 2010, the company is well placed to advance its investment in software development and actively pursue a number of acquisitions of companies in similar sectors to supplement and accelerate organic growth," Ms Richardson said.
Highlights for the period included securing a multi-year development contract with UK health software and services company Ascribe worth around $4 million a year, an agreement with Indian partner CMC Ltd to sell Jade's student management system throughout India, and winning a $2.5 million contract with the Electricity Commission, she said.
Building on applications developed by Jade for United Kingdom train operator EWS, the company was also commissioned by Bombardier and GO Transit to develop the IT system that moves 170,000 commuters a day on seven lines in and out of Toronto, Canada.
Acting-chief executive David Lindsay warned against becoming complacent in the current financial year.
Deals would be tougher and take longer to close this year, he said.
