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By Maria Ward-Brennan IT services provider Redcentric reported a strong financial performance for its financial year, which ended 31 March 2024, as the group’s CEO prepared to step down from the group. Total revenue increased by 15.2 per cent to £163.2m, while recurring revenue grew by over 16 per cent to £149.1m. Recurring revenue has grown to over 91 per cent of its total revenue. Gross profit rose by 17 per cent to £118m, while adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) was up by 15.6 per cent to £28.3m. Redcentric’s adjusted operating profit increased…

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