MSP CloudCoCo expects its revenue for the full year 2021 to “marginally exceed” the £8 million it scored last year.
The Warrington and Leeds-based firm expect this year’s trading EBITDA to be “in excess of £700k” which is “up significantly on the £261k reported last year “despite ongoing COVID-19nrelated challenges in the period”.
CloudCoCo CEO Mark Halpin said that the outfit had delivered a robust performance in spite of the challenges posed by COVID-19 with a substantial increase in trading EBITDA.
“We focus on doing the basics well and we will continue to invest in our people and ways in which we provide support to our customers. The future for CloudCoCo is an exciting one and I look forward to updating shareholders on the next stages of our growth strategy”, he said.
The Microsoft partner and provider of services in sectors such as security, communications, connectivity and cloud said it had seen a “temporarily reduced number of orders in early FY21” because of customers delaying projects but that the impact of the pandemic was “successfully navigated”.
CloudCoCo said it is in the final stage – ‘get bigger’ – of a three-part programme which will see it pursue growth both through “organic and selective acquisitive means” in order to “build scale in the business and ultimately deliver enhanced value for shareholders”.
