Annodata reports 20 per cent jump in revenue and profit for FY14/15
January 24, 2016
Managed service provider’s annual accounts reveal organic growth in year of Keltec acquisition
Managed service provider (MSP) Annodata has published its annual financial results for the year ending 30 June 2015, a year which saw its revenues and profits climb by 20 per cent. The company’s revenues for the 2014/15 fiscal year stand at £68.9m – up from £57.4m a year ago – while profits rose by 20 per cent to £6.3m, putting Annodata on course to reach its publicly stated target of £100m by the end of 2016.
The MSP acquired IT infrastructure provider Keltec in November 2014 and wide-format print specialist STS in January 2015, strengthening and extending Annodata’s service portfolio to include cloud hosting and ICT capabilities and creating significant opportunities to cross-sell between the companies’ respective customer bases. Now both fully integrated, the acquisitions have allowed Annodata to focus on growing its client base and deepening its engagement with existing customers by offering new services.
Joe Kelly, Annodata’s Group Finance Director, commented: “This has been a particularly good year for Annodata and, now that Keltec has been fully integrated into the business we are in a strong position to replicate that success in the year ahead. We operate in an incredibly competitive industry, but I believe that our commitment to our customers, our range of services and our network of strategic partners help to stand us apart from our competitors. Annodata continues to maintain a strong balance sheet with no bank debt, which gives us the room for manoeuvre we need to remain agile and independent in the face of fast-changing market conditions.”
Annodata implemented a number of changes to its senior management team over the past year; Group Sales Director, Rod Tonna-Barthet was appointed to the role of CEO, while the company also appointed a new Finance Director, Group Sales Director and Commercial Director. With a strengthened management team, the company has been able to focus on consolidating its position in the market, driving growth and breaking ground in new markets.
Martin St Quinton, Annodata’s Non-Executive Chairman, stated: “The past financial year has been one of the most significant in Annodata’s 28 year history, marked by solid growth, acquisitions that have expanded Annodata’s portfolio of services, a spate of large new business wins, and a number of strategically important appointments to strengthen our senior management team – all things that have helped to contribute to our continued success.
“Businesses across the board are trying to streamline the number of suppliers they work with down to a trusted few, and our customers increasingly look to us to take on ever greater portions of their IT estates. It’s here where we see the greatest growth potential for Annodata. This year our focus will very much be on growing the cloud, managed services and ICT parts of the business and I have every confidence that we will maintain our healthy growth rates,” he concluded.
NOTES TO EDITORS
Founded in 1988, Annodata is a national managed services provider specialising in the efficient flow of information using the most effective types of communication. With annual revenues of £80million, the company brings together a range of specialist services including managed print services, unified communications, document management and software, mobile telephony, communication services and cloud hosting services.
With clients in the private and public sector, its team of specialists understand the needs of small and large organisations in all sectors and can help re-design business processes in-house or through a fully managed service.
The company has long-standing relationships with leading global enterprises including 02, Avaya, Kyocera, HP, Mitel and Ricoh giving businesses access to the latest technologies, future-proofing the enterprise.
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