Cloud Service Provider, ANS is celebrating a record turnover as it reports its 13th consecutive year of profit growth.
The Manchester-headquartered firm, which specialises in IT infrastructure and cloud services, reported revenues of £46.2m for the year to the March 31, that’s up from £45.7m last year.
Adjusted EBITDA increased to £6.8m, up from £6.1m allowing for exceptional items relating to the company being taken private this year.
The annualised EBITDA runrate being in excess of £8m as at March.
Managed services and associated professional services now represents over 80 per cent of overall gross profit and this continues to be the strongest growth area of the business and typically involves long-term contracts and recurring revenues with strategic customers.
Paul Shannon, COO said: “ANS is now positioned in the market place as a true Cloud Service Provider offering both Private and Public Cloud solutions and also the supporting connectivity.”
The group, which was founded by chairman Scott Fletcher 20 years ago, has enjoyed a host of significant new business wins in both public and private sector from organisations including Euro Car Parts, ODEON Cinemas, Healthcare at Home, The University of Nottingham and Royal Liverpool and Broadgreen NHS Foundation Trust.
Significantly, this year the focus has been on developing and strengthening ANS’ pioneering product RAPID.
Paul Sweeney, CEO said, “Looking ahead to 2017, we remain confident in our evolving Cloud, Enterprise Network and Managed Services portfolios.
“We will continue to drive a visionary platform which adopts truly innovative technologies allowing for scale and growth. Our ground-braking RAPID portfolio will see customers realise the value of their investment faster than ever before.
“The sales pipeline is bearing out this strategy and a significant amount of our new business is what we consider new services and solutions. We look forward to announcing our half year results in the coming weeks which a further positive step change across all areas of the business.”