Gamma has released their end of year results to the 21st December 2015 which details a 10% growth in revenues and 21.7% growth in gross profit. Such significant growth figures have been put down to strong uptake of SIP Trunking services (+54%) and their Cloud PBX offering (+78%). During the same period, Gamma has seen its share price soar from 243p to 430p per share.
Bob Falconer, CEO, stated, “We are pleased with the progress we have made in 2015. Our current strategic products of SIP and Cloud PBX have continued to drive growth. A growing reputation in the enterprise and public sector markets has helped us win sizeable orders, such as HMRC, via a channel partner and Taylor Wimpey and Peabody Housing through our own direct sales teams. Excellent progress has also been made with our pipeline of new products; our multi-site data network was launched on time at the end of June 2015, our new mobile service is scheduled for full launch in June 2016, whilst at the same time significant value adding enhancements have been made to our strategic products. We are also investing in reducing the cost of our access network by extending our own network capability deeper into local areas, with the first, reduced cost, access sites in London coming on line in May 2016.”