Managed IT and networking services provider AdEPT Technology (LON: ADT) achieved a one-fifth increase in interim revenues to £34.3m. The prospects appear to be good as more companies move to cloud telephony, but the share price does not reflect this
Managed services revenues accounted for 87% of total revenues, which could have been higher, but delays meant that £900,000 was not recognised in the period and this should be included in the second half. Fixed line revenues are declining, although they are lower margin. There was a slightly lower overall gross margin because there were more ha...
