Quantix H1 FY10 Financial Results - Highlight Managed Services & Cloud
Quantix, one of the UK’s leading providers of IT managed services, cloud services and enterprise application
support, has released its financial report for the first half of the current financial year. It presents extremely
promising results and forecasts, whilst also indicating that its substantial investment in Cloud Services has already
begun to increase profit margins.
The financial results, which cover the period October 2009 to March 2010, show turnover for the first half-year at
£4m, with profits for the same period of £0.9m, and a contract base of £6m. Quantix also declared its forecast
profit for 2009/10 is now likely to be £2.1m, which would show substantial year-on-year growth of 23%. In
addition, it was announced that Managed Services and Cloud Services now account for almost 65% of all company
margin – a position that Quantix was not expecting to reach until 2011.
The company has recently invested heavily in a second data centre to enhance, develop and add further resilience
to their cloud services, bringing cloud computing and application support expertise together. This ground-breaking
move has enabled Quantix to expand their range of managed services, generating new lines of business and
securing more contracts from both existing and new clients.
Richard Salmon, Managing Director of Quantix, explains, “We are extremely pleased with the growth in our
contracted services and developments across the business. Our recent investment and expansion of services has
been hugely successful and we are seeing substantial demand for our new cloud-based services, including
RapidRecovery and the OraCloudTM, which looks set to increase further throughout 2010. In addition to attracting
new clients, our existing clients continue to come back to us for further services due to our consistently excellent
delivery. We are extremely proud to announce that Managed Services now account for almost 65% of all margins,
a target which we’ve achieved more than a year earlier than expected.”
Throughout the first half of its financial year, Quantix gained over 75 new customers and 25 new managed service
contracts, with a number of notable six figure contracts having been signed. In addition, wins in the Cloud
Computing space continued to come thick and fast, with just over £500k of new cloud contracts secured in the first
half of the year.
Quantix, already a holder of the ISO 9001 accreditation, expects to gain the ISO 20000 accreditation later this year,
whilst continuing to develop and invest in the company’s infrastructure, personnel and services.
“Much of our continued success can be attributed to the extremely talented and experienced teams of Account
Managers and Technical staff here,” explains Simon Goodenough, Sales & Marketing Director, “Our unparalleled
expertise of both technology and the market place provides our customers with the very best solutions, tailor-
made and implemented to their exact needs.”
Financial Results - H1 FY10
Forecast Profit 2009/10: £2.1m (growth of 23% YOY)
H1 Turnover 2009/10: £4m
H1 Profit 2009/10: £0.9m
H1 Contract Base 2009/10: £6m