Gamma Communications reports growth in revenue in H1 2022 results

Key product take up across the UK and Europe contributed to strong results

Gamma has published its half year financial results and reported an eight per cent growth in revenue to reach £234.7 million year-on-year.

Gross profit also rose by eight per cent to £120.4 million and adjusted EBITDA grew by 13pc compared to H1 2021.

There was a strong growth in unified communications as a service (UCaaS) and volume growth across major product categories as Cloud PBX users increased by six per cent to 716,000 from 676,000 year-on-year. 

Gamma is delivering on its long-term growth strategy to develop a product and solution that supports flexible working for businesses.

The group is also on track to develop into a Carbon Net-Zero business by 2042. 

Gamma Interim CEO Andrew Belshaw said: “Gamma has had a strong first half. Our Direct business in the UK has returned to growth as we had indicated it would once the effects of COVID had worked through. 

“We are a leader in a market with long-term structural growth, have a high degree of recurring revenue and have been and will continue to be strongly cash generative. 

“We have a robust balance sheet that will allow us to continue to invest in the business as well as support organic growth with selected acquisitions.”