Strong first half for Berkshire’s Gamma Communications

Gamma, a business-to-business communications provider based in Newbury, has hailed a ‘strong performance’ over the six months ended 30 June.

The company generated revenues of £282.5 million – up 10 per cent on the same period last year – with gross profits also up 11 per cent.

This comes off the back of two acquisitions for Gamma – international SMS and voice services provider Coolwave Communications in February, followed by threat intelligence security business BrightCloud in July.

The Berkshire business recently agreed with Cisco to acquire German firm Placetel, a market leader in cloud-based private branch exchange (PBX).

Currently listed on AIM, it’s also now eyeing a move to the FTSE 250 index.

CEO Andrew Belshaw said: “Gamma has achieved another strong set of results, marked by robust revenue growth, stable margins and strong cash generation.

“We’re making progress in developing a common Pan-European product set, expanding our enterprise offering while continuing to capitalise on the significant opportunities within our SME customer base.

“The strength of Gamma’s balance sheet has enabled us to expand our capabilities through both product development and strategic acquisitions.

“We continue to view M&A as a key tool to complement our organic growth, broaden our capabilities and expand our European presence.

“With a strong pipeline of organic and inorganic opportunities, our resilient business model enables us to look forward with confidence.”