Financial Results

Cisco CFO Scott Herren has told analysts that an AI-focused restructure may see the company lay off near 7 per cent of its workforce (around 6000 people).

Commsworld reported a 45% rise in adjusted EBITDA and a 28% increase in turnover, spurred by its public sector wins.

Maintel’s EBITDA grew by 28.2% to £4.8m for the six months ended 30 June 2024 driven by new wins in target growth markets, a new streamlined business structure and price increases.

Telent’s EBITDA from Operating Activities rose to £27.8m (2023: £14.0m) in the year to the 31 March 2024 and the generated £40.2m of cash from operating activities.

Zusi has increased its turnover by more than £1.5m in the last twelve months and aims to hit £5m within the next three years. 

Vodafone UK’s revenues grew 0.3% to £1,689m in the year to Q1 2025, with slower growth attributed to lower inflation-linked price rises. The UK now makes up 19% of the Group’s total service revenue.

Openreach’s FTTP network now passes 15 million premises according to its latest trading update.

Wildix has surpassed one million paid users on its UcaaS platform, driving 31% year-on-year revenue growth in the UK and 36% globally.