LONDON, May 19, 2014 /PRNewswire/ --
Expanded Services portfolio and increased market share in Datacentre Infrastructure business drive 49% growth
Kelway, the IT solutions and services provider, today announced revenue of £526 million for the 2013/2014 financial year (FY14), with a year-on-year growth of 49%.
During FY14 Kelway achieved an aggressive increase in market share for its Datacentre Infrastructure business - growing 45% from £170 million in FY13 to £247 million in FY14. The firm also continued to diversify its Services portfolio, including the expansion of its cloud computing offering, which helped drive a 30% increase in Services revenue from £55 million in FY13 to £71.4 million in FY14.
In addition to overall revenue growth, FY14 saw Kelway deliver a 73% increase in underlying EBITDA to £29 million. The FY14 results follow ten years of consecutive growth, during which time the company has undertaken several strategically important acquisitions.
"We are delighted to have crossed the £500m barrier, and our attention remains focussed on meeting our corporate goal of achieving £1bn revenue," comments Phil Doye, CEO of Kelway. "The company was built on an excellent reputation in Solutions sales and international logistics. We are extending our leadership in the UK market with our broad range of capabilities, as well as targeting an expansion of our customer base across EMEA and APAC. In the next three years we fully expect to be a billion pound business."
"Through aggressive gain in market share in the Datacentre Infrastructure market, coupled with our comprehensive Services portfolio, we have achieved very compelling growth this financial year," states Dan Laws, managing director of Kelway. "Kelway has invested to stay ahead of the curve - our ServiceWorks cloud computing platform for example, which was designed and built by our team from the ground up, is proving to be an invaluable commercial proposition. We truly offer our customers a complete IT Service and Solution proposition."
Kelway's success has been recognised by its vendor partners - the company has recently been awarded Cisco Global Commercial Partner of the Year and HP Enterprise Partner of the Year.
For more information about Kelway's portfolio of Services and Solutions, please visit http://www.kelway.com.
Kelway is an established and trusted IT Services and Solutions provider. We have an international presence in both private and public sector IT, and through our global supply chain provide Solutions and Services in over 130 countries. Our team possesses the industry's highest achievable accreditations, meaning Kelway customers can focus on running their business, not on managing their IT.