AIM-listed AdEPT has enjoyed a buoyant H122 in spite of challenges caused by the ongoing pandemic and disrupted supply chains.
The MSP reported a 20 percent year-on-year revenue increase to £34.3m for the six-month period ending 30 September 2021, despite a deferral of around £900,000 into H2 FY22as a result of the global supply chain crisis and customer resource allocation.
Its Cloud Centric Strategic Services turnover was up 19 percent to £14.6m , while Managed Service revenue climbed four percent, now making up 87 percent of group revenue and reflecting its move away from traditional telephony.
The performance of Datrix – acquired by AdEPT earlier this year – has exceeded expectations and it is now operating fully on the One AdEPT platform. The acquired firm has achieved anticipated cost synergies, secured a cross-sell project, and won a significant contract with Public Health England.
"I am delighted with the Group's strong performance in the period, as activity continued to normalise in our sector, albeit somewhat tempered by the aftershocks of Covid-19,” stated Ian Fishwick, Chairman of AdEPT Group.
“We continued to deliver successfully on our strategic objectives, completing the strategic acquisition of Datrix, which strengthened our core competencies in cloud services and next generation technologies. One AdEPT, which lies at the heart of the group's growth strategy, providing high levels of operational visibility and a scalable platform for cross-selling, is nearing 100 percent utilisation.”
Elsewhere, VoIP revenues jumped 54 percent to £1.9m, which AdEPT stated demonstrated the success of its 8x8 proposition and the company’s ability to assist customers in transitioning from traditional telephony.
