For the full year ending 31 March, 2017 ANS recorded a revenue of just under £62.7 million, while adjusted EBITDA rocketed over 80 percent to £12.3 million.
The growth was driven partly by the integration of Eison, which ANS acquired in 2016 and ANS’ cloud readiness assessment services.
ANS has been attempting to shift from low-margin sales to higher-margin services and drew 70 percent of its profit from cloud and services.
The company hit on a wizard wheeze of providing a service to tell clients what applications can live in the cloud as they are, which ones they need to eradicate and replace with a new app, and those should not be cloud-based.
Its customers instead of doing a straight tech refresh, are including cloud whether it is a small or large percentage.
This year ANS become an Amazon Web Services Advanced Partner, as well as a Microsoft Gold Cloud Partner.
Some 30 percent of ANS’ gross profit is still related to traditional hardware sales from customers who are buying a degree of cloud and services as no customers have been buying only hardware.
ANS saw a healthy year with Cisco, and some hefty managed WAN and LAN wins.
It has won a small number of large managed LAN deals, and traditional on-premise network projects.
ANS has now entered the third quarter of its current financial year and is already seeing a number of the cloud readiness assessment customers take up full projects with the MSP, at a quicker faster rate than was expected.