25 Ricoh IT Services

Doug Woodburn
clock • 1 min read

Revenue: £160m (+10%)

Net profit: NA     Staff: 640

Counting Microsoft, Cisco and Dell as its key vendors and employing 640 staff, the IT services arm of this print and copier giant is on course to turn over around £160m this year, according to numbers Ricoh shared with us. That's a 10 per cent annual uplift. This does not include the contribution of MTI, a Godalming-based storage integrator Ricoh acquired last year that still operates as a separate company. MTI's UK revenues hit £34.3m in its year to 31 March 2021.

Covid impact

Ricoh claimed that lockdown has fuelled demand for the digital transformation and hybrid cloud services in which it specialises, flagging cybersecurity and meeting room technology as two hotspots.

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