71 IGX Global UK

Doug Woodburn
clock • 1 min read

Revenue: £56.3m (-6%)

Net profit: 2.7%     Staff: 26

This London-based subsidiary of global reseller ePlus reaffirmed its place at Cisco's top table in February by renewing Gold status with the networking giant. Although its revenues fell six per cent to £56.3m in its year to 31 March 2020, IGX's key measures of gross margin and pre-tax profits both rose handsomely (with the latter doubling to £1.5m). Based in Virginia, ePlus employs 1,500 staff across the US, Europe and AsiaPac, with fiscal 2021 revenues hitting $1.57bn.

Covid impact

NASDAQ-listed ePlus saw revenues rise six per cent to $458m in its fiscal second quarter to 30 September 2021, with CEO Mark Marron claiming its datacentre, security and cloud-focused solutions "remain especially timely and relevant as businesses further expand their remote and hybrid workforce capabilities".

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