ANS announces half year revenues of over £33m

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The Cloud and Managed Service Provider is delighted to announce increased revenues at the half way point in the financial year and details financial and operational highlights below.

 

Financial Highlights

  • Revenue growth of 40% to £33,651,064 (H1 2015: £24,071,214)
  • Adjusted EBITDA growth of 45% to £5,268,955 (H1 2015: £3,641,978)
  • Profit before tax growth of 23% to £3,661,064 (H1 2015: £2,981,186)
  •  £41.6m of contracted Managed Services revenues

Operational Highlights

  • Increased head count to almost 300
  • Strengthened relationships with Hyperscale Cloud Service Providers Microsoft Azure and Amazon Web Services
  • Large increases in both public and private sector accounts
  • Placed 7th on The Sunday Times 100 Best Companies to Work For list

Cloud and managed services provider ANS Group has reported a period of strong growth, with revenues exceeding £33m in the six months leading up to September 2016.

The results of the first half of the financial year show adjusted earnings at September 2016 of more than £5m. The company has enjoyed particularly high levels of growth within its managed services division, and continues to see a shift to contracted recurring revenues.

During the last six months, ANS has gained a significant number of new contract wins, which has seen the company expand its client base across a range of industries, including increases in its public sector account base, with a particularly strong performance in higher education. Following this continued customer acquisition, ANS is expanding its team, and has already increased headcount close to 300.

Paul Shannon, CEO at ANS, commented: “Over the last year we’ve focused on developing our product offering and managed services portfolio and our success in these areas is reflected in our results and margins.

“ANS has evolved into an end-to-end cloud and managed services company. We are currently experiencing significant demand from fast-growth, disruptive technology businesses for both our public and private cloud platforms, as well as our networking capabilities, and we are on track to achieve our targets for the year end.

“We’re pleased to say that as the company has grown, so has our team. We remain committed to addressing the skills gap in the tech sector by investing in talented people, and this has been validated by coming seventh on The Sunday Times Best 100 Companies to Work For list, as voted for by staff.

“Going forward, we will continue to strengthen our team and suite of solutions, ensuring that we provide customers with flexible, state-of-the-art managed networks and cloud platforms upon which they can develop and grow.”