29 CAE

Doug Woodburn
clock • 1 min read

Revenue: £134.8m (+1%)

Net profit: 1.7%     Staff: 294

This Cisco, Dell, Microsoft and Palo Alto Networks partner has just moved into a new 30,000 sq ft Hemel Hempstead HQ featuring a recording studio, prayer room, wellness space, games room and staircase-based amphitheatre. Revenues rose one per cent to £134.8m in its year to 30 June 2020, although higher staff and infrastructure costs saw net profits shrink from £3.1m to £2.3m. In February, CAE bagged a deal to upgrade Fulham Football club's Wi-Fi and IT for the next three seasons. It also acquired edtech reseller Novus Group last month.

Covid impact

Covid dented CAE's H2 2020 sales and "continues to inhibit a level of spend and restrict the ability to deliver a number of potential infrastructure engagements", it said in its annual accounts. It is seeking to mitigate risk by investing in managed services and other recurring revenue streams.

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