12/16/2009 1:10:00 PM
Azzurri profits surge 66% to £9m
Managed services provider and communications consultancy Azzurri has reported a 66% increase in gross profit for the year ended 30 June 2009.
The company revealed a profit increase from £5.4m to £9m when it published its financial results last week.
It saw revenue growth of 2.3% to £149m after winning several ‘significant’ contracts during the period, and pushed ahead with turnaround plans.
Azzurri provides its clients with full telecoms services including mobile, fixed line and telephony. It bought 16 businesses during its first
seven years of trading between 2000 and 2007.
The company said it now intends to focus on its current assets before it looks to make further acquisitions.
Azzurri head of mobile Martin Flick said: ‘We are ahead of the curve and want to continue to change and evolve. We pride ourselves on independence and ultimately on acting in a way that is competitive. The economic climate has played to our strengths as organisations have come to us wanting a more nimble approach to increase their workforce ability.’
Azzurri’s CEO, Gordon Matthew, said: ‘In the financial year ending June 2009, our key focus has been the consolidation of changes that we made to drive through anticipated revenue and profit growth.
‘These aims have been achieved and have put us in a sound position with which to achieve our long-term goals. This, coupled with our positioning in a market place where there is strong demand for Azzurri’s products and services – even in these difficult economic conditions – continues to provide us with confidence for the future.’
Azzurri is an O2 Data Centre of Excellence partner and also works with Vodafone and Orange. It said that 25% of its customers are FTSE 100 companies.