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SysGroup sees annual operating earnings rising 40%

By BFN News | 07:05 AM | Wednesday 24 April, 2019


IT services and cloud hosting provider SysGroup said it expected to post a large rise in both annual revenue and operating earnings. Revenue for the year through March was seen rising 22%, while Ebitda was seen rising 40%, which the company said was in line with expectations. 'The results will underpin the group's stated strategy of focusing on the provision of end-to-end managed IT services with recurring revenue now representing approximately 74% of the group's total revenue,' it added. Chief Executive Adam Binks said SysGroup would continue to invest in the company and its people throughout the course of the 2020 financial year. Story provided by StockMarketWire.com

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