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Spirit's FY21 revenue surges by 200 per cent


Spirit’s FY21 revenue surges by 200 per cent
Spirit’s FY21 revenue surges by 200 per cent
Underlying EBITDA up 208 per cent.
Sol Lukatsky (Spirit)
Credit: Spirit
Spirit Technology Solutions has wrapped up its 2021 financial year, ending June 30, with “record sales results”, which saw revenue grow by 200 per cent year-on-year to $104.5 million.
In the telco-turned-IT services provider’s unaudited financial results for FY21, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) reached $11.5 million, an increase of 208 per cent from the financial year prior, which it labelled as a record.
Additionally, sales total contract value (TCV) hit $31.8 million, which the provider also considered to be a new record. ....

Sol Lukatsky , Spirit Technology Solutions , Australian Securities Exchange , Technology Solutions , ஆவி தொழில்நுட்பம் தீர்வுகள் , ஆஸ்திரேலிய பத்திரங்கள் பரிமாற்றம் , தொழில்நுட்பம் தீர்வுகள் ,

Spirit Technology triples revenue from midmarket, corporate contract wins


Spirit Technology Solutions has continued its growth momentum as large contract wins and demand for its SMB products have helped its revenue increase three-fold.
In the year ended 30 June 2021, Spirit reported revenue of $104.5 million, up 200 percent from $34.9 million in the previous financial year. Underlying EBITDA also grew at a similar rate of 208 percent, reporting $11.5 million during the period.
Recurring revenue also increased to $27.2 million, up 33 percent from the first half. Spirit also reported sales total contract value for Q4 2021, saying it was a record $31.8 million.
“We continue to execute to strategy with these very strong results. Organic demand for the product set across data, cyber, managed services, voice and importantly Spirit’s bundled offering continues to be very positive,” Spirit managing director Sol Lukatsky said. ....

Sol Lukatsky , Spirit Technology Solutions , ஆவி தொழில்நுட்பம் தீர்வுகள் ,