Alternative Networks (AIM:AN.) results in-line and great cash generation
The leading provider of IT managed services and business-to-business communications and one of our solid AIM favourites reported full year results in line with the Oct 2015 trading update. This business (as it should be with most businesses) is all about free cash delivery, which is bountiful.
Group revenue was up 9% to £146.8m and adjusted operating profit up a similar percentage to £19.2m The Group experienced continued growth in the Advanced Solutions and Mobile Voice products and services, and continued excellent cash performance. The Advanced Solutions and Mobile Voice segments together now account for 81% of Group revenues (2014: 77%), with a reduction in the contribution from Fixed Voice services, which is in managed decline. Recurring revenue is stated as £113.9m…
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