Redcentric (GB:RCN) has released an update.
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Redcentric PLC reports a robust financial performance for FY24, with a total revenue increase of 15.2% to £163.2m and recurring revenue up by 16.1%, comprising 91.4% of total revenue. Adjusted EBITDA rose by 15.6% to £28.3m, and a significant reduction in reported loss before tax was achieved. The company’s CEO, Peter Brotherton, has announced his retirement, following a year marked by successful integration programs and cost-saving measures, setting the stage for sustained growth.
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