47 Cloudreach
Revenue: £81.7m (+24%)
Net profit margin: -27.3% Staff: 469
This London-based AWS, Azure and Google partner claims "unprecedented" demand for cloud adoption is fuelling "hyper-growth" in its top line. Its new holding company, Cloudreach Acquisitions, recorded revenues of £81.7m in the year to 31 July 2018, up nearly a quarter year on year. Net losses widened from £7.2m to £22.3m as soaring administrative costs - stoked by internal investment and an international acquisition drive - pummeled its bottom line.
More on Reseller
Partner Content: The Channel Opportunity in Digital Infrastructure Maintenance
How channel partners can become an integral part of clients’ digital transformation
Former SHI boss Brodrick joins Paragon Micro as UK MD
New UK boss says he aims to make the UK reseller a top 100 VAR in the UK by the end of the year
Five resellers secure places on £150m Welsh IT framework
Contract covers IT hardware to larger customer organisations
European IT channel on track for record breaking year in 2021, claims analyst
Market analyst Context says European IT channel now on track to break first ever €100bn-revenue year in 2021, despite pandemic pressures
Eight resellers win spots on £5bn IT framework with East Midlands police
Four-year contract includes wide range of hardware, software, services and support to police force
More news
Canalys reveals its six hottest cybersecurity solutions for 2021
Analyst believes global cybersecurity spending will rocket by 10 per cent after data breaches and ransomware attacks hit all-time high
Partner Content: The Channel Opportunity in Digital Infrastructure Maintenance
How channel partners can become an integral part of clients’ digital transformation
Trend Micro appoints Baker as UK boss
Former sales director tells CRN what partners can expect from the cybersecurity vendor under his leadership
Midwich mounts comeback in H2 despite Covid disruption
AV distie sees revenue grow four per cent to £710m for its full FY20