Bell Integration breaks £300m revenue barrier in 2021 results

Cloud and datacentre firm reports 75.5 per cent boost to revenues year on year as AI investments led to new customer wins

Datacentre and cloud reseller Bell Integration has broken £300m in revenue in its latest set of results, as it claims investments in AI and innovation has led to new customer wins.

In a recent Companies House filing, Bell Integration disclosed that revenues for its year ending 31 March 2021 rocketed by 75.5 per cent to £307.46m.

Gross profit grew by 43 per cent during the year to £26.49m. Operating losses meanwhile decreased from £7.2m to £6.08m during the 12-month period, while EBITDA losses narrowed from £3.55m to £1.32m.

In the filing, Bell Integration claims that investing in the CTO office and focussing on AI and innovation has created new solutions which have enabled it to expand its offerings within its existing customer base and led to new customer wins.

The company claims that it won several new contracts during the year which has led to strong outturn in its financial year 2022 and a solid pipeline for 2023.

It added that it is exploring new revenue streams to support continued growth and customer acquisition.