Services bolster Trustmarque financials
VAR Trustmarque posts strong results; increases headcount
Trustmarque has attributed strong yearly financial results to its professional and managed services offering.
The VAR yesterday posted a nine percent growth in profit before tax from £4.6m to £5m, gross profit growth of 15 percent from £13.8m to £15.9m, and an increase in turnover from £115m to £131m, representing 14 percent growth.
Trustmarque’s gross profit for services and solutions amounted to £7.1m, representing 45 percent of overall business gross profit for the year.
It says the introduction of a wider range of cloud services, enhanced service offerings around asset management and procurement services, and the services supporting the deployment and use of enterprise applications helped boost its numbers.
Trustmarque CEO, Scott Haddow (pictured), says the firm has never been stronger in its twenty-five year history: “Following the strategic transformation of previous years, investment in our people and our service proposition has led to further progress in a challenging market environment, and our financial results for the Year 11/12 underline this success,” he comments.
In line with developing its service capabilities, Trustmarque also grew its headcount, leading to a 21 percent increase in employees over the year.
Trustmarque’s corporate accounts team, launched in November 2011, was built on graduate recruitment and dedicated to winning new account business in private sector organisations.