News

The SAS Group announces fourth quarter and full year results for 2009

London - The SAS Group, an international provider of IP-based network and managed communications services, has announced its financial results for the fourth quarter and year ending 31 August 2009.

Revenue from the fourth quarter totalled £2.09 million, up 12 percent from £1.87 million in the third quarter, and up 25 percent from £1.68 million in the fourth quarter of 2008.

Gross margin for the quarter was 39 percent, compared with 38 percent in the third quarter of 2009 and 35 percent in the fourth quarter of 2008.

“Increasing annuity revenues has continued to be a priority for the SAS Group in 2009,” said Charles Davis, CEO for the SAS Group. “Seventy percent of our turnover is now made up of annuity business and this is a testament to the compound benefits of our managed communications strategy.”

For the year, the SAS Group reported a net income of £0.76 million on revenue of £7.1 million, compared with a net income of £0.27 million on revenue of £6.2 million in 2008.

“As more and more companies look for ways to reduce their internal networking costs whilst, at the same time, improving service levels, the SAS Group’s managed communications services will continue to offer a viable solution,” said Davis. “A healthy pipeline of managed services opportunities, coupled with our ability to reduce network support costs by up to sixty percent, means we can be confident in our predictions for revenue growth of more than thirty percent in 2010.”