← News Mon Nov 26, 2018 - 6:44 pm - 0 comments

tTech revenues up 25 per cent


The management of tTech Ltd, one of Jamaica’s leading Managed IT Services providers, says it is pleased with the company’s continued growth throughout the third quarter of 2018, and is in the process of implementing operational improvements to further drive the company’s performance.

tTech’s positive outlook for 2019 comes on the heels of the company announcing its 11th consecutive profitable quarter since listing on the Jamaica Stock Exchange (JSE), Junior Market.

The company reported that total comprehensive income for the period was $12.2 million, an increase of 83 per cent over 2017’s $6.7 million.

For the period, tTech recorded revenues of $69.6 million, an increase of 25 per cent above the corresponding period in 2017 when it pulled in $55.8 million in revenues.

It also noted that its admin and other expenses for the period were $50.6 million, a 14 per cent increase over the same period of 2017 when it made $44.2 million.

The company also reported that during the most recent quarter it experienced increased business in its major service categories, and continues to engage, educate and challenge IT leadership from across Jamaica in its quarterly CIO called “tTech Insights”. The latest edition has a non-technical discussion on “Digital Transformation-Challenge or Opportunity?” led by its executive chairman Edward Alexander.

Published in the Jamaica Observer
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