Services revenue continues to grow in FY16 as SCC announces Vietnam expansion
SCC announces its financial results for year ending 31st March 2016, with significant progress made on its continued transition to a managed service and solutions led business. FY16 highlights (SCC UK & M2 combined): · £653m turnover, down 1%; · Services turnover up 11% to £177m; · Data Centre Services revenues up 67% to £43m; · 29% EBITDA increase to £24.9m; · Services now accounts for 27% of total turnover (17% in 2013); · Services margins represent 66% of total margins – up from 63% in the prior year and 52% in 2013; · SCC announces new global delivery centre (