Cloud hosting specialist reports progress in line with expectations
Liverpool-based cloud hosting firm SysGroup said its annual results will match management expectations, in a trading update for the year to March 31, today.
It said that both revenue and adjusted EBITDA will be in line with management's expectations having grown by approximately 22% and 40%, respectively.
The results will underpin the AIM-listed group's stated strategy of focusing on the provision of end-to-end managed IT services with recurring revenue now representing approximately 74% of the group's total revenue.
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