83 Logicalis

Doug Woodburn
clock • 1 min read

Revenue: £51.3m (-7%)

Net profit: -8.4%     Staff: 156

Having turned over more than £200m as recently as 2014, the UK arm of this global Cisco and IBM partner saw its top line shrink by a further seven per cent to £51.3m in its year to 28 February 2021 as Covid pinched demand for its professional services. It exited the year in a cheery mood, however, as recent restructuring efforts enabled it to slash net losses from £12.5m to £4.3m (see interview with UK MD Alex Louth). Part of South Africa-based IT group Datatec - which also owns distributor Westcon - Logicalis turned over $1.45bn globally during the same period.

Covid impact

Lower customer demand in the wake of Covid prompted Logicalis UK to make some headcount reductions during its fiscal 2021. This contributed to a £500,000 restructuring bill for the year.

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