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General

Maintel reports lower results for 2020 amid virus pandemic, delayed projects

Wednesday 2 June 2021 | 12:10 CET | News
UK cloud and managed services provider Maintel reported lower revenues and profit for the full year, hit by project delays due to the virus pandemic, but said its transformation to a cloud and managed services business continued nevertheless, with strong take-up to its cloud offerings across both the public and private sector. Also, the total number of contracted seats increased by 31 percent to 102,00, ahead of management expectations. In addition, the company noted it accelerated its restructuring programme, leading to GBP 3 million worth of annualized OPEX cost reductions.

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Categories: General
Companies: Maintel
Countries: United Kingdom
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