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Redcentric Information
Share Price Information for Redcentric (RCN)
Share Price is delayed by 15 minutes
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Share Price:
135.50
Bid:
134.00
Ask:
137.50
Change:
-1.50 (-1.09%)
Spread:
3.50 (2.612%)
Open:
135.50
High:
135.50
Low:
135.00
Prev. Close:
137.25
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Mon, 28th Oct 2013 12:09
Redcentric, an end-to-end managed service provider, has extended its managed service contract with an unnamed property developer, as well as announcing a new ICT project and maintenance contract win with a leading media business.The managed service contract, which was originally valued at approximately £4.7m of revenue over the course of the three-year contract, has been extended for a further two years increasing the value of the total contract by a further £3m. The group said that while most of this revenue will fall outside of the current financial year this type of contract will "contribute significantly" to Redcentric's growing annuity base and "validates the quality and breadth of its end-to-end services".Meanwhile, the new deal will see Redcentric provide hardware installation and consultancy as well as support over three years in a deal worth approximately £0.94m over the course of the contract.Fraser Fisher, Chief Operating Officer, said: "It is extremely pleasing to announce the significant extension of an important contract at such an early stage in the initial contract period, as well as another new three year contract. Redcentric's consultancy services have been crucial to both wins and these multi-year contracts are a testimony to the high level of service provided by Redcentric and the faith our customers have in our long term ability to deliver their mission-critical services."NR
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23 Nov 2016 09:03
Redcentric appoints Peter Brotherton CFO
(ShareCast News) - Redcentric, an IT managed services provider, has appointed Peter Brotherton as chief financial officer, company secretary and a director, effective from 28 November. Brotherton, who has over 25 years experience in finance, was previously CFO of Gametech and at PKR Group, an energy
Read more7 Nov 2016 09:41
Redcentric parts company with CFO after accounts misstated
(ShareCast News) - IT managed services provider Redcentric has parted company with its finance director and is calculating its banking covenants after its accounts were found to have been misstated. The company said it would probably have to reduce current net assets by £10m and write down some hist
Read more29 Sep 2016 11:34
Redcentric appoints new COO, says on track to meet FY expectations
(ShareCast News) - AIM-listed IT managed services provider Redcentric announced the appointment of Mo Siddiqi as chief operating officer and expressed confidence that it will deliver results in line with its expectations for the year. Siddiqi joins the group from IT infrastructure services provider
Read more19 Jul 2016 15:17
16 Jun 2016 10:01
Redcentric's full year revenues rise by 16%
(ShareCast News) - Full year revenue rose at Redcentric, an IT service provider, boosted by organic growth and two acquisitions. Revenue increased 16% to £109.5m in the year to 31 March 2016, representing 8% organic growth. Recurring revenue grew 17% to £90.2m including 11% organic growth. Recurr
Read more9 Jun 2016 15:04
10 Feb 2016 16:03
29 Jan 2016 15:48
Redcentric agrees to buy City Lifeline
(ShareCast News) - UK IT services provider Redcentric has agreed to buy City Lifeline for £4.8m, the company announced on Friday. Redcentric said it will pay for the London operator of data-centres in cash upon completion, subject to adjustment for cash, debt and normal working capital. In the year
Read more