Sysgroup (SYS)

Sector:

IT Services

Index:

FTSE AIM All-Share

 34.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 44.50
  • 52 Week Low: 28.50
  • Currency: UK Pounds
  • Shares Issued: 51.50m
  • Volume: 35,316
  • Market Cap: £17.51m
  • RiskGrade: 116

SysGroup signs up Home Bargains on three-year contract

By Josh White

Date: Monday 05 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Managed IT services and cloud hosting provider SysGroup has signed a three-year managed hosting services contract with one of the UK's largest high street discount retailers T.J. Morris - which trades as Home Bargains - it announced on Monday.
The AIM-traded company said the contract value was more than £0.95m over the term of the contract, and would commence in March.

That contract reflected the board's strategy of focusing on managed services which provide the company with higher quality earnings through long term relationships.

The contract came after a "competitive and in-depth" process to demonstrate to Home Bargains SysGroup's capabilities in secure, managed infrastructure hosting and support.

At a time when the adoption of General Data Protection Regulation (GDPR) was just around the corner, SysGroup said many UK enterprises were keen to ensure that their data was not only hosted in safe hands, but their environments were also protected from the vulnerabilities of the public internet.

"This is a significant win for SysGroup both in terms of the size of contract and external validation of the group's capabilities by another household name. We look forward to securing future business in the retail sector," said SysGroup chief operating officer Adam Binks.

Frank Christiansen, IT director at T.J. Morris, added that his company had selected SysGroup as its new managed services provider due to its "strength, understanding and ability" to implement security measures.

"[Those measures] conform to the requirements of GDPR, as well as its extensive, flexible and consultative-led approach to IT solutions," Christiansen explained.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sysgroup Market Data

Currency UK Pounds
Share Price 34.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 44.50
52 Week Low 28.50
Volume 35,316
Shares Issued 51.50m
Market Cap £17.51m
RiskGrade 116

Sysgroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.60% above the market average5.60% above the market average5.60% above the market average5.60% above the market average5.60% above the market average
58.54% above the sector average58.54% above the sector average58.54% above the sector average58.54% above the sector average58.54% above the sector average
Price Trend
5.07% below the market average5.07% below the market average5.07% below the market average5.07% below the market average5.07% below the market average
1.10% above the sector average1.10% above the sector average1.10% above the sector average1.10% above the sector average1.10% above the sector average
Income Not Available
Growth
22.39% above the market average22.39% above the market average22.39% above the market average22.39% above the market average22.39% above the market average
24.71% above the sector average24.71% above the sector average24.71% above the sector average24.71% above the sector average24.71% above the sector average

Sysgroup Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
14:03 5,566 @ 33.26p
12:20 28,000 @ 33.56p
09:31 1,750 @ 34.05p

Sysgroup Key Personnel

CFO Martin Richard Audcent

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