Liverpool-based SysGroup saw sales top £5 million, but its losses widened due to two recently acquired companies and the roll out of a new CRM system.
For the six months ending 30 September 2018, the managed services provider saw revenue rise 47.3 percent year on year to £5.8 million.
Adam Binks, who was appointed the group’s CEO earlier this year, said: “During the period we have focused on execution, and I am pleased to report that the group has made steady progress in the first half of the year during my first period as CEO. The increasing proportion of recurring revenue demonstrates the ongoing success of our strategy and position as a consultative-led provider of managed IT services and cloud hosting.
