Maintel’s transformation into a cloud and managed services business continues apace as it reported flat growth for the six months ending 30 June 2021.
The comms provider reported revenue of £53.5m for its fiscal H121, compared to £53.4m it reported in the same period last year. Despite this, Maintel was upbeat about its transformation strategy.
It reported a 52 per cent year-on-year growth in cloud subscription revenues to £4.3m. It also reported that revenue from cloud and software customers is now at £15.9m, accounting for 30 per cent of total revenue. It also secured a contract renewal with JD Sports, delivered a large private cloud contact centre migration for Admiral Insurance, as well as a new Genesys CCaaS solution and SD-WAN deployment for Biffa.
Maintel also revealed that its target of securing 150,000 contracted seats by the end of 2021 is well underway, with the total number of contracted seats increasing 47 per cent to around 117,000 in H1. The sale of its Managed Print Services business for £4.5m this year was also a noted highlight of its H1 by the firm.
"Maintel had a solid first half and has continued its transition to a cloud and managed services business,” stated CEO Ioan MacRae.
