Gamma’s first half performance included revenue growth of 10% to £282.5m and an increase of gross profit by 11% to £145.8m. Adjusted EBITDA grew by 10% to £62.2m.
These results were positively affected by two acquisitions during the period of Coolwave Communications and BrightCloud.
Excluding the contribution of acquisitions since June 2023 and the impact of movements in foreign exchange, revenue increased by 5%, gross profit by 7%, and Adjusted EBITDA by 8%.
In Gamma’s Business unit, growth was driven primarily by its UCaaS portfolio. Gross profit increased by 12% to £97.1m.
Gamma Enterprise benefitted from a number of contract wins and grew gross profit by 14% to £28.9m.
The results also reveal that Gamma has recently agreed with Cisco that it will acquire Placetel, a German organisation in the Cloud PBX space
Andrew Belshaw, CEO, said: “Our broadened product set is resonating well with both Channel Partners and enterprise customers. As customers require more complex communications solutions, we continue to see opportunities to grow our revenues further.
“We are 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.”