Gamma sees profits rise in 2012

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Gamma says it is pleased with its 2012 financial results, which include a 18 per cent growth in gross profit

Mobile distributor Gamma’s profits before tax rose 38.4 per cent last year, from £6.7 million in 2011 to £9.3 million.

Gamma’s gross profits rose 18.2 per cent in 2012, from £38.0 million in the year before to £44.9 million.

Cash inflow also grew substantially year-on-year. Before acquisitions (the distributor bought systems integrator Varidion in 2012) and financing inflow grew 23.1 per cent from £5.3 to £6.6 million between the end of 2011 and 2012.

Its report for the year said the management board have been “particularly encouraged” by the significant growth in voice application services, such as inbound call control and its cloud platform.

It said Gamma’s business mobile service (through a MVNA with Vodafone) has had a “very successful” year.

The growth in gross profit has primarily come from communications services with much higher software content and staff expertise. These services now account for around 50% of the gross profit resulting from indirect sales.

Gamma CEO Bob Falconer said: “We are pleased with this strong set of results. The new services continue to gain traction in the marketplace, whilst we have worked hard to maintain our volumes in traditional fixed voice services.

“As a channel focussed business, our growth continues to demonstrate the appetite of our partners for taking our next generation services to the business market. It’s nice to start to see some return on our substantial investment in software development.”

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