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SysGroup reports revenue dip – Channel EYE

SysGroup is reporting a dip in revenues for its full-year 2020/2021 results. The company said its revenues are expected to fall by seven percent for the 12 months to 31 March 2021 as the pandemic caused customers to put off decisions on new IT spending. Profits are meanwhile expected to come in slightly ahead of expectations for the year. Adjusted EBITDA is set to grow by three percent annually, with the MSP benefiting from acquisition synergies and imposing tight control over its costs. The firm’s cash balance stood at £3.47 million as of 31 March compared to £3.04 million last year. However, CEO Adam Binks was optimistic and said the market remains buoyant despite COVID.

Adam binkFinal resultsஇறுதி முடிவுகள்

SysGroup remains confident in trading update despite revenue dip

Profits are meanwhile expected to come in slightly ahead of expectations for the year. Adjusted EBITDA is set to grow by three per cent annually, with the MSP benefiting from acquisition synergies and imposing tight control over its costs. The firm s cash balance stood at £3.47m as of 31 March comparted to £3.04m at the same point in the previous year. In a statement, CEO Adam Binks said the market remains buoyant despite the challenges that Covid has created. I am pleased with the continued progress we have made throughout FY21 and I would like to take the opportunity to thank our team for their dedication and unequivocal efforts despite the personal challenges that the pandemic has brought for us all. Whilse it has been a challenging period, the pandemic has highlighted the visible need for business leaders to accelerate their own digital transformation journeys and the benefits of outsourcing managed IT services, said SysGroup CEO Adam Binks.

Adam binkFinal resultsஇறுதி முடிவுகள்

Offices will play huge part in what we do - SysGroup CEO on expanding into Manchester and rolling out back-to-office scheme

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Adam bink

Equality On TrialDecember 2012 - Equality On Trial » Page 1

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