UK MSP CloudCoCo says its 'primed for long-term growth' after EBITDA almost tripled in FY2021

Josh Budd
clock • 2 min read
UK MSP CloudCoCo says its 'primed for long-term growth' after EBITDA almost tripled in FY2021

The British MSP says its 2021 acquisition of a local VAR helped drive growth

CloudCoCo claims it is now "primed for long-term growth" after posting fiscal 2021 financials in which profits almost tripled. The UK-based provider reported revenues of £8.1m for the 12 months ending 30 September 2021, up £100,000 on the previous year. Trading Group EBITDA, meanwhile, ballooned by 185 per cent during the same period to £745,000. Pre-tac loss decreased to £2m, down from £3m from fiscal 2020. CEO Mark Halpin described the 12-months as "significant progress" for CloudCoCo....

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