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TPXimpact Holdings - London-based IT consulting firm - Swings to annual profit as company grows on larger contracts. Pretax profit in financial year ended March 31 stands at £4.9 million versus a loss of £1.7 million a year ago. Revenue grows 58% to £79.7 million from £50.3 million. Reports £85.1 million in total contract wins in the financial year, rising 92% from £44.4m.
Declares final dividend of 0.6 pence per share, up from 0.4p a year ago.
‘Notwithstanding the broader macro environment, digital transformation remains a high growth market and we are excited to see what we can achieve as we continue to work towards our 2025 commercial vision,’ says Chief Executive Officer Neal Gandhi.
The company adds: ‘Looking ahead, we expect TPXimpact to greatly benefit from its structural change, expanded service offering and extended geographic outreach as we capitalise on the market opportunity available to us. Investment in digital transformation is continuing in the public and commercial sectors and it has become clear that this is now a necessity for all modern businesses.’
Current stock price: 149.00p, up 1.0% on Tuesday
12-month change: down 42%
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