Liverpool tech company sees half-year revenues reach £3.93m

Managed IT services and cloud hosting provider SysGroup PLC has announced revenue growth of 46.6%.

The Liverpool-headquartered company saw sales rise to £3.93m in the six months to September 30.

The uptick follows a string of successes for SysGroup this year, including the full integration of System Professional since its acquisition in July 2016 and the introduction of a new senior management team.

Since the end of its last financial year in March, SysGroup has also recorded sales pipeline growth of 17.1% to £4.1m.

That figure is set for a boost following the company’s acquisition of Rockford IT in November – its sixth in the last three years.

Adam Binks, chief operating officer at SysGroup, said of the results: “This significant increase in revenue is real testament to SysGroup’s efforts in delivering structural and operational changes to better position the business to execute our combined organic and acquisitive growth strategy.”

Commenting on the company’s progress so far this year, Adam continued: “The long list of operational achievements to date, coupled with our strong sales pipeline, puts SysGroup in an excellent growth position, leaving us optimistic about our future and our continued commitment to our customers and partners.”

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