ADA Reports Record Year

May 2010

In a difficult economic climate, ADA Technology Services is proud to report another year of solid financial growth. With a focus on long term service based revenue and multi-year IT managed service contracts, ADA’s growth strategy has had a positive impact on both turnover and net profit margin. Provisional results for the year ending 30 April 2010 highlight the strongest growth in the Company’s 20 year history.

Commenting on the results, Gary Page, CFO at ADA said “At the end of our 2009/2010 financial year, I can report a 45% year-on-year growth in turnover. With a 300% increase in Net Profit, ADA carries over £10 million in contracted income into the next financial period. The Board is now very much focused on plans for the 2010/11 financial year and the things we need to do to continue to grow the business.”

Page continued, “Our growing stature as one of the UKís leading IT managed service providers in the mid-market sector has allowed us to significantly grow our deferred income business. Given that we have invested heavily in both our data centres and our technical human resources, these results prove that our chosen strategy was the right one.”

ADA’s CEO, Dave Rabson said “This has been a record year for ADA In difficult financial times. I am extremely proud of the Team here at ADA, all of whom are responsible for delivering excellence in customer service. It is this ‘service culture’ which is driving the Company’s repeatable business model. Where traditional resellers are struggling to move away from the ‘single project’ mentality, multi-year managed service contracts have enabled ADA to step up to the next level.”