SysGroup (GB:SYS) has released an update.
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SysGroup plc reported a strategic transformation in its half-year results, marked by significant operational achievements, including a successful £11.2m equity raise and the acquisition of Crossword Consulting Limited to bolster cybersecurity capabilities. Despite a slight decline in revenue to £10.16m, the company has strengthened its financial stability with managed IT services now comprising 86% of total revenue. The firm is well-positioned for future growth, having achieved advanced partner status with AWS and expanded its offerings in AI and cloud solutions.
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