UKFast reports 18% increase in revenue to £47m
Manchester cloud computing firm UKFast has reported an 18% increase in organic revenue in 2017 to £47m.
The company says long-term investment in R&D and “consistently outstanding customer support” are behind the growth at the hosting provider UKFast.
Revenue of £47m represents an increase of more than £7m on the previous year, bolstered by a 30% growth in the firm’s cloud offering, which now accounts for more than 43% of overall revenue.
A number of significant contract wins helped private cloud revenue to grow by 40%.
Founder and CEO Lawrence Jones MBE said: “We place huge focus on innovation and it's clearly paying off -not only within the applications we've built to run the business like the telephone system, launch platforms and CRM software, but also the range of innovative products we're launching.
“eCloud has grown at such an amazing rate because users are realising the benefits of the level of automation we've built into the platform and they’re expanding their solutions. We're continuing this focus on innovation and expanding our R&D team even further, rather than resting on our laurels.”
UKFast has enjoyed 18 consecutive years of double-digit growth and recently doubled the size of its campus HQ in Manchester.
UKFast's eCloud range was launched in 2013 and offers public, hybrid and private cloud solutions, as well as cloud desktops; drag and drop vault storage; and flexible, OpenStack development space.