Gamma’s financial performance was “significantly ahead” of market forecasts during its recently closed financial year, the UCaaS provider has said.
The firm has not yet revealed figures for FY20 but said EBITDA will come in ahead of expectations, with revenue towards the top end of guidance.
Andrew Taylor, Chief Executive at Gamma, said: “We are pleased that Gamma has continued to grow strongly whilst also geographically expanding into Spain and Germany.
“The execution of our UCaaS product strategy is progressing very well and our product set has continued to perform well and has enabled our end users to work flexibly during the difficult conditions prevalent in 2020″
“I would like to thank our staff and partners for all of their hard work throughout the year.”
Gamma had previously said that it expected sales to be in the region of £372m-£397m, with EBITDA pegged at £73.9m-£76m.
The firm revealed that it has not used any of the government’s financial support packages through the pandemic, adding that it’s paid £10.4m in dividends to shareholders.
FY20 saw Gamma active in the M&A market. It offloaded its Manchester-based fibre business The Loop for an undisclosed fee, while acquiring UCaaS providers in Spain, Germany and the UK.
Gamma also teased the launch of its Cloud Contact Centre as a Service offering, which it said it expects to launch in the first half of this year.
The solution will be aimed at the SME market.
