Redcentric plc Reports Strong FY24 Growth

Redcentric plc (GB:RCN) has released an update.

Redcentric plc, a UK IT managed services provider, reports a robust financial performance for FY24 with revenues up by 15.1% and adjusted EBITDA increasing by 15.9%. Operational efficiencies were realized following the completion of integration programs and strategic acquisitions, although the company faced delays with infrastructure improvements at LTC. Looking ahead, the company anticipates significant electricity cost savings and a continued focus on organic growth and profit margin improvements for FY25.

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