Monday 07 August 2023

*UKHotViewsExtra* Breakthrough year drives growth at Pulsant

pulsantPulsant’s FY22 results for the 12 months to the end of December 2022 show revenue was roughly static at £74.8m (versus a 6.4% decline in FY21). EBITDA before exceptional items was up c.15%.

The top line was boosted predominantly by acquisitive growth; however, there has since been a marked underlying improvement in the business, with an acceleration in organic growth kicking in from Q4. That growth trajectory was sustained into the current year, marking a critical milestone given organic growth has eluded the company for almost five years.HVP

The real story, however, is what has been going on behind the scenes to drive those numbers. To understand the business – which is now more than half-way through FY23 – in its current form, it is essential to look back almost exactly two years ago to when Antin Infrastructure Partners acquired Pulsant. At the time, we underlined Pulsant’s position and intent not to move up the stack but instead stay focused on the provision of infrastructure – i.e., colocation, networking, and cloud. That focus has since played a key role in the improving underlying health of the business.

If you are a TechMarketView or UKHotViews Premium subscriber, you can access the full UKHotViewsExtra article now: Breakthrough year driving growth at bolder Pulsant.

Posted by Kate Hanaghan at '09:30' - Tagged: results   cloud   networking  

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