Julien Eichinger - stock.adobe.c
SCC investing in the future
Channel player delivers solid set of numbers for its fiscal year at the same time as investing in IT systems to support future ambitions
SCC has delivered a strong set of numbers for its financial year against a backdrop of significant investment in its ability to meet the future needs of the market.
For the year ended 31 March the firm saw turnover increase by 18% across EMEA to reach £2.2bn and operating profit for the UK operation was up by 16.9% to £18.7m.
The fiscal year saw investments in IT systems and its Global Delivery centres in the UK, Romania and Vietnam with the channel player replacing its existing systems in favour of more "market-leading applications".
The UK lead the way with turnover growth of 23%, followed by France with 20%, with the entire business benefitting from the 4% y-o-y improvement in services revenue.
"All companies today are digital and operate in digital environments and this presents great opportunities for us," said James Rigby, SCC chief executive.
“The focus across the group will remain on the successful strategy of growing our services business and developing the right value adding product business for our customers to help them unleash their potential," he added.
The last fiscal year also included a couple of acquisitions - AV specialist AVS and managed print player Hobbs Onsite - and they are unlikely to remain the last deals that SCC strikes.
“During the year, we have significantly invested across all of our capital programmes. Re-investing profits back into the business is a key part of our strategy to ensure that the group is able to change to meet the needs of our customers and remains relevant for the future," said Rigby.
“Funds are available to support continued investment programmes, organic growth and targeted acquisition opportunities. We have a strong and resilient business based on long-term relationships and a sound strategy which is proving successful in growing profitability," he added.