SCC is celebrating its fifth consecutive year of “record” earnings.
The Birmingham-based reseller has seen a strong year for services for its UK operations and its EMEA revenues for its financial year ending 31 March 2018 increased by nine per cent to £1.8 billion.
SCC says it enjoyed “strong EBIT growth” in its Spanish and French operations but did not break out specific figures. It claims that UK EBIT was £16 million, compared with £17 million taken from financial statements for the previous year.
Sales drawn from services climbed by four per cent to £325 million or 18 per cent of overall turnover.
SCC said it had carried out “major investment programmes” to its datacentres in Birmingham and Hampshire which positively affected its services business for UK customers.
It claims a healthy 13 percent sales growth for its French business stemmed from thriving long-term relationships in the public and private sectors, while the UK continued to enjoy a “strong performance” in services.
“Performance of the business over the last year has been exceptional with growth and improved profitability in all our key trading operations”, CEO James Rigby said.
“There is now a need for all businesses, whoever they are or whatever they do, to digitise their operations and outsourcing that requirement is an effective way to manage the continual investment needed for growth.
“We have invested over the past few years via our cloud services and datacentres in anticipation of that demand and we expect to continue our current performance levels in the coming years.
“We will continue to invest in our capabilities and that means areas such as artificial intelligence and cognitive computing where we are already well placed to meet customer demand. Our performance is also based on the success of our strategic acquisitions we have made over the past few years. We will continue to look at opportunities which fit our strategic criteria and help further grow our capabilities.”
SCC’s latest annual results follow the completion of a three year plan to grow its services business.
