IT consultancy firm Oakton Ltd (ASX: OKN) reported on Tuesday that it saw a 42 percent spike on its full-year profit as the company recuperates from the debilitating effects of the worldwide economic downturn.

Oakton netted $20,235 for the full year 2009/10, which is an improvement from the $14,256 it garnered from the previous corresponding year as the Melbourne-based company added that its overall revenue plunged by 3.7 percent to $186,540.

The company underscored that the results were remarkable considering that "it has been a challenging year not only for us but for the industry as a whole, as the market gradually recovered from the impact of the GFC."

Oakton managing director Neil Wilson is upbeat that the company is set to meet more demands from various sectors for the services it offers which should add up to its projected dividends in the immediate years ahead.

Mr Wilson expressed confidence that Oakton is well-prepared to take advantage on the expected influx of demands for IT service that would be required by industry and government sectors.

He added that "Oakton has been working to strengthen our market position as a specialist consulting and IT services company."

As of 1148 AEST on Tuesday, Oakton shares were trading at $3.09, improving by nine cents or three percent from previous trading days as the company noted that shareholders would receive final dividends of four cents, fully franked.