It’s the end of another quarter, and an important one for Beeks as it saw us publish our Financial Results for FY19, among other significant news.
We were pleased to report on another good financial year, with revenue up 31.7% from the previous year and gross profit up 22.5% to £3.65 million. Our number of institutional customers increased from 192 to 220, leaving plenty of scope for growth among larger institutions and companies still to transition to cloud-based IT systems.
We also recently announced that Beeks has become a Gold Partner of our interconnectivity and data centre provider, Equinix; one of only a small number of UK partners to do so. This represents a significant milestone in our long-standing relationship with Equinix, with whom we have worked for nearly a decade.
Last week, we launched our new Beeks Backup Service, an automated server imaging backup for storing dedicated server data in our secure offsite location, to help reassure customers that their data can be saved in the event of a systems failure.
We published a case study with our client, Celer Technologies, that highlights their setup with us according to the issue that they faced and the compute and connectivity solution that Beeks provided.
Our Chief of Sales, Alan Samuel, was in Chicago last week during the P&L Forex Network event, and then joined up with CEO Gordon and the Sales Team for meetings in New York.
With a lot of announcements under our belt this quarter, we begin the new financial year looking forward to another positive period with opportunities for growth and continued expansion.