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Liverpool’s SysGroup announces 47.3% increase in revenue


Liverpool-based SysGroup PLC has announced a 47.3% increase in revenue to £5.8m for the six months to 30th September 2018.

Recurring managed IT services represented 77.8% of total revenue for the IT services and cloud hosting provider. The results follow the unification of SysGroup’s operations and service offerings, which were launched under a single brand earlier this year.

SysGroup also added its second hyper-scale cloud platform into active service during the period.

Chief Executive Officer Adam Binks said: “Since taking on the role of CEO at SysGroup, we’ve spent the first half of the year investing in our business, our people, our brand and in our systems.

“As a result, we have a more sales-focused workforce all working towards the same common goals. We are beginning to see the results of this investment through a strengthened pipeline and remain confident in delivering full year performance in line with current market expectations.

“Cyber security, governance and compliance are three key areas that businesses look for in managed IT services. They want to understand where liability lies in the case of a data breach and make their chosen solution as cost effective as possible – which is where SysGroup can really begin to add value.

“We’ve positioned ourselves as an extension to our customers’ existing IT departments and our consultative-led approach allows us to guide customers through the complexities and developments of the ever-changing technology landscape.”

SysGroup delivers a range of managed IT services, cloud hosting, IT Security and consultancy services to its customers across a range of sectors. The company welcomed Martin Audcent to its board of directors in the summer, taking up the position of Chief Financial Officer.

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