SCC: Services investment paying off

Accounts just out from UK-headquartered and privately owned reseller and services firm, SCC, show clearly the progress made over the year (FY15 to 31^st March 2015) in growing its services business, while exiting low-margin (pass-through) product resale business. In the UK, headline revenues were down 13.3% to £662m. However, this included a contribution of c£27m in the last financial year from the acquisition of M2 Digital Ltd (made in February 2014 - see SCC buys M2 Digital). Organically UK revenues were down 15%.

The decline was entirely down to the products business; product resale revenues decreased by nearly 20% to £503m (still representing three quarters of the business). Meanwhile, services revenues increased by 22% reaching £159m; excluding M2 Digital, services revenue growth was a still impressive 10%. In other words, SCC is comfortably outperforming the UK infrastructure services market.

Yesterday Georgina O’Toole spoke to Chief Executive James Rigby. TechMarketView subscription service clients can delve deeper into the detail behind the headlines and get a better understanding of SCC’s plans for the year ahead in UKHotViewsExtra. If you are not yet a subscriber, please contact Deb Seth to find out how to rectify the situation!

Posted by Georgina O'Toole at '09:47' - Tagged: results   datacentres   reseller