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Birmingham Post
Birmingham Post
Technology
Jon Robinson

Revenue falls at IT group used by Home Bargains, Screwfix and Sega despite profits meeting market expectations

A fall in revenue is expected at a Liverpool-headquartered IT services, cyber security and cloud hosting provider, whose clients include Home Bargains, Screwfix and Sega, despite its profits meeting market forecasts.

AIM-listed SysGroup has confirmed its adjusted EBITDA for the 12 months to March 31, 2020, is expected to be £2.8m.

In an update, the group said the total has been achieved "despite the expected decline in revenue compared to the prior period, as customers continued to defer spending on enhanced IT projects".

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