30 Maintel

Maintel remains "firmly on track" with its transition to a cloud and managed services business despite a "challenging" 2019 and start to 2020, CEO Ioan McRae said this September. Revenues fell by 10 per cent to £122.9m in the 12 months to 31 December 2019 before registering a further 17 per cent YoY slump in the six months to 30 June 2020. The AIM-listed comms player is taking heart from its forecast that it will close 2020 with over 100,000 contracted cloud seats, however.