Maintel announces H1 results and CEO's departure
Maintel's interim results for the six months to 30th June 2019 saw revenue down 3% to £64.5m (H1 2018: £66.5m) with recurring revenue at 69% (H1 2018: 70%) and gross margin at 29% (H1 2018: 27%).
The company also announced that CEO Eddie Buxton will leave at the end of the year. He joined the business in 2009.
Maintel's transition to a cloud and managed services business continues with revenues from cloud and software customers now at £13m, 20% of revenue (H1 2018: 15% of revenue).
Cloud UCaaS seats increased 32% to circa 66,000 (H1 2018: c.50,000).
Chairman John Booth stated: "Performance in the first six months of the year marks continued progress towards our goal of transforming Maintel into a cloud and managed services business and demonstrates the benefits we are receiving from investment in our cloud and software capability, notably improved margins and higher cash conversion.
"Notwithstanding this progress, Group revenue in the period was impacted by the continued market transition to new technologies driving both a change in the revenue profile for project implementation and the revenue of our support business.
"In addition, we have seen some delays in the award of public sector contracts as the new Public Sector framework goes live."
Industry: Unified Communications
- Outside IR35 Contract- SC / DV - Cloud / VMware Solution Architect
- Outside IR35
Solution Architect Contract - with active Security Clearance needed for Outside IR35 Contract London. SC / DV (must be willing to undergo DV) 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design. Specific experience with Cloud and VMWARE technologies Cross domain experience desirable HLD / LLD Current SC Clearance a must. London 3 days a week Immediately interviewing.
- Contract Night Shift Senior SOC Analyst | Microsoft Defender | Outside IR35
- United Kingdom
- Outside IR35
Contract Night Shift Senior SOC Analyst | Microsoft Defender / Sentinel | Outside IR35 Looking for an experienced SOC analyst to cover a night shift SOC operation. Level 2 technical Analyst. You must have current hands on technical experience with Microsoft defender / Sentinel within a customer facing SOC environment. This is a UK based position.
- DV Cleared CyberArk Consultant- Contract
- City of London
- Upto £700 per day
CyberArk Consultant is needed to be responsible for leading the deployment of CyberArk solutions for this Secure government site You will work with customer, helping to create CyberArk Strategic Roadmaps, on-boarding accounts, product and process integration into the CyberArk Solution and Proviso of Installation and technical Documentation. We are looking for this individual to have experience in: In CyberArk deployment, and ideally leady the deployment both strategically and also technically for this project we need the consultant to hold current DV cleared status For the right individual this could be a long term project.
- CyberSecurity Portfolio manager
- upto €60,000 plus benefits
A cybersecurity rockstar with a strategic mind and a passion for building winning solutions, is required to craft a cutting-edge security portfolio for an expanding IT Services business , with the aim to develop solution & services that will protect their customers business. this role will involve, develop & implement security strategies, manage the portfolio, drive sales, and collaborate with teams across the globe. we are looking for someone with experience in managing and building a cybersecurity portfolio of service a knack for building relationships & leading diverse teams Strategic vision & the ability to translate it into action strong communication & collaboration skills