Business communications provider Gamma Communications reported a 14 per cent improvement in revenue in its annual results on Tuesday, to £447.7 million.
The Newbury-based technology-based communications provider said UK growth in the past year was nine per cent, while its European business grew its revenues from £48.5 million to £72.7 million.
Recurring Revenue grew from £359.3 million to £400.1 million – 89 per cent of total revenue. This was down from 91 per cent in 2020 which the company attributed to the acquisition of HFO in Germany.
The board said it was confident of further growth in 2022.
CEO Andrew Taylor said: “Our overall business performance in 2021 has been strong in an exciting growth market, and we have delivered an excellent set of financial results. Throughout the year, and with a focus on delivering long-term growth, we have further developed and strengthened our technology, product, and people capabilities across Gamma, with our software development capabilities being significantly augmented with our acquisition of Mission Labs in March 2021.
“As part of a structured growth strategy and group operating model, we have made very good progress with the integration of all our acquisitions and have significantly broadened and strengthened our market capabilities through the development and launch of a set of new UCaaS products and services. This is designed to enable and accelerate our long-term growth objectives across the UK and Europe, while providing a technology platform capability for the future.
“Despite the economic and business market impact of the COVID-19 pandemic, our performance was very robust throughout the year, driven by excellent partner and end-customer engagement levels, and a continued acceleration to cloud based products and services. We delivered strong unit growth across all key products. Our newly launched bolt-on products and services have achieved attachment rates in line with our expectations.
“As ever, we have continued to invest and strengthen both our direct and indirect channel propositions across all markets, with a focus on positively enabling our partners and our end-customers to be competitive and highly successful in their respective markets.”