Cloud Technology Solutions CEO has £40m revenue in sights
Cloud Technology Solutions (CTS) expects to hit £40m in revenue in its current financial year, according to CEO James Doggart.
The Google Cloud partner reported a record turnover of £27.5m in its year ending 31 March 2019, a 50 per cent year-on-year jump from the previous year’s figure.
Doggart told CRN that the company had seen strides in growth in the last number of years, but attributed this jump to the increased migration that customers are making to the cloud, as well as increasing interest in Google Cloud.
“[These results] have been an overnight success that’s been 10 years in the making for us,” he said.
“We were early to the cloud space and were waiting for the market to catch-up.
“There are two things [to account for 50 per cent growth]: One is that cloud is actually happening and there’s an unstoppable move to it.
“On top of that, Google has doubled down on Google Cloud and invested in that space.
“I think the market sees that it is serious about cloud and is starting to engage at enterprise level.”
As a Google Premier partner, the demand from customers for the cloud provider’s offerings will help CTS hit its target of £40m in revenue this year, said the chief exec.