SysGroup PLC - Liverpool-based IT services, cybersecurity, and cloud hosting provider - Reports steady performance for the first half of the year ending March 31, but expects to report a revenue drop of 2.7% to GBP11.0 million from GBP11.3 million in the corresponding half a year ago. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be 5.9% lower at GBP1.6 million from GBP1.7 million a year prior. Appoints Heinrich Koorts of Softcat PLC as chief revenue officer.
Current stock price: 40.00 pence, down 10%
12-month change: up 51%
By Sabrina Penty, Alliance News reporter
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Sysgroup (SYS)