DATAGROUP - Acquisitions significantly broaden the offering

Freitag, 01.06.2018 10:21 von Edison Investment Research

FY17 was a year of strong growth for DATAGROUP, with revenues rising by 28% and EBITDA surging 42%. The EBITDA margin rose by 120bp to a record 12.1%. The core cloud services continue to grow strongly, rising by 64% and recurring sales represented 70% of total revenue (which translated to 88% of gross profit), up from 66% in FY16. In August 2017, DATAGROUP acquired ikb Data to extend the group’s offering into the financial services sector and in January 2018 it announced the acquisition of Almato, a pioneer in Robotic Process Automation. Consequently, DATAGROUP is building a number of key differentiators in its markets.