SysGroup PLC Revenue Soars
The firm reported 100% increase in profit as remote working becomes the new norm.
08:18 08 July 2020
Liverpool IT service firm SysGroup has recently announced record revenues of £19.5million and profits of £2.8million in its annual results. Headquartered in Liverpool, the firm said that the strong growth had come from increased demand from companies' "continuing on the journey of digital transformation."
CEO Adam Binks said: "We delivered increased revenues and EBITDA, whilst integrating our largest acquisition to date, which rounds out our capability to help our customers transform their businesses; a capability that was pressure-tested by lockdown at the end of the financial year.
"Despite Covid-19 dominating the end of the year, I have been impressed with how the team has stepped up to support and service our customers during these challenging circumstances with our core operational model supporting the rapid switch to remote working.
"While there is still some uncertainty around the impact of Covid-19, we believe it has presented us with significant opportunities.
"We have seen an accelerated shift towards remote working solutions for our customers, alongside a decentralisation of their core IT infrastructure towards more flexible and more resilient configurations. Investment in the appropriate cloud technology is becoming ever more mission-critical for businesses to survive and thrive."