CloudCoCo Reports Revenue Growth and Solid Profits

CloudCoCo Group (GB:CLCO) has released an update.

CloudCoCo Group PLC reports an 11% revenue increase to £14.3 million for H1 2024, driven by a significant rise in e-commerce and managed services, despite a challenging economic climate. Gross profit held steady at £4.3 million, while a focus on cost savings resulted in reduced administrative expenses and a 33% increase in EBITDA to £1.2 million. The company continues to secure new customers and maintain high satisfaction rates, signaling a robust performance amidst strategic refinancing and leadership transitions.

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