72 Node4

Doug Woodburn
clock • 1 min read

Revenue: £56.1m (+8%)

Net profit: 16.1%     Staff: 282

This Derby-based midmarket MSP claims the resilience of its business model - which saw revenues for its year to 31 March 2021 rise eight per cent to £56.1m - was handed a seal of approval in March when Providence Equity Partners came on board as its new PE backer. Node4's managed services are underpinned by its own datacentres in Derby, Leeds and Northampton, which boast a capacity of 1,500 racks. Having acquired Starcom Technologies from 91st-ranked K3 in February, Node4 bolstered its Microsoft offering in August by grabbing the NAV People.

Covid impact

Node4's high levels of recurring revenue enabled it to "weather the Covid-19 impact" in its fiscal 2021. Although it admitted new order intake slowed in H1, it racked up £9.2m of recurring revenue from new clients during the year.

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