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Results: SYS

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SysGroup – interims add further to recent winning share tip

Managed IT services, cyber security and cloud hosting company SysGroup (SYS) has announced results for its half-year ended 30th September 2022 and that “trading for the second half has continued with positive momentum and the board is therefore confident in meeting its full year expectations”. So what’s the detail here?


SysGroup – from “supplementing our organic growth” & “substantive market opportunity” to a “significantly below” profit warning… in less than a week!

Last week SysGroup (SYS) was “pleased to announce” an acquisition (of Rockford IT Ltd), with CEO Chris Evans emphasing it “supplementing our organic growth whilst enhancing our services portfolio and providing cross selling opportunities for products and services… We believe that this acquisition enhances our position to capitalise on the substantive market opportunity available”. Sounds promising – and today a “Trading Update” announcement for the six months ended 30th September…

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