20 Avanade

Doug Woodburn
clock • 1 min read

Revenue: £190.4m (-11%)

Net profit: 9.5%     Staff: 508

Microsoft's most decorated partner globally - with 18 Gold competencies - Avanade moved to boost its UK Dynamics business in October 2021 by acquiring £31m-revenue, London-based consultancy QUANTIQ. Its UK arm saw revenues slide 11 per cent to £190.4m in its year to 31 August 2020, ending a run of four consecutive years of double-digit growth. Net profits contracted from £33.1m to £18.2m. Globally, the Accenture-owned giant boasts 5,000 employees and revenues of around $2bn.

Covid impact

Avanade's UK business grew every year between 2009 and 2019, including by double digits in the previous four years. Despite the reverse, it claimed it had "not seen any material adverse impact from Covid-19", either during the year, or post year end, however.

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