SysGroup saw overall sales go down for the six months ended 30 September, but managed service sales went up.
The MSP and VAR said total sales decreased 3% to £10.96m, and managed IT services saw revenue growth of 8%, representing 84% of total revenue (last time managed business represented 75%).
The overall adjusted EBITDA was £1.57m, down from £1.68m last year. The adjusted profit before tax was £0.99m, against £1.10m before.
The statutory loss before tax jumped to £1.09m from £0.19m.
A new strategy came in the first half to provide end‐to‐end solutions focused on artificial intelligence and machine learning, with an associated investment in a team of ML engineers from AWS, JP Morgan, Validus and McLaren.
Heejae Chae was appointed as executive chair and Paul Edwards as a new non‐executive director.
