Leeds-headquartered Pure Technology Group (PTG) has announced its largest annual revenue and staffing growth to date.
Surpassing its turnover for financial year 18 of £28 million, the tech firm has now closed FY19 on £33 million, the largest sum recorded in the Group’s history.
The growth has been fuelled by significant increases in cloud and managed services, plus enhanced transactional business and the introduction of nascent technologies, including hyper-convergence, virtual reality (VR) and Internet of Things (IoT).
In the last 12 months, the business also increased its workforce by 30% and now employs over 130 people across the organisation’s three locations. The company’s updated three-year strategy – launched in April this year – aims for continued growth to close FY21 at £50m revenue and a 200-strong team, across more locations.
This year also saw the tech firm awarded entry to both the cloud and hardware frameworks developed by the Yorkshire Purchasing Organisation. Supplying to over 19,000 customers, the frameworks are designed to meet the needs of all public sector organisations and have an estimated combined value of £600m.
Commenting on the results, PTG’s Group CEO Stephen O’Brien said: “It’s been another big year for the Group in terms of both financial results and overall achievements. Staying ahead of the curve is crucial in the tech sector, so there will be continued development of our service catalogue and a sustained focus on service to our growing customer base.
“Also, the development and retention of our people is the key component in our strategic growth as we aim to propel the business forward.”
