Report

QuickView: Adding new avenues for growth

Gamma has released strong H1 results showing impressive revenue and margin improvements, which highlight the success of its leading position in the SIP market and its channel partner (CP) strategy. A number of factors look set to continue to drive revenues and margins and support market sentiment: ongoing expansion in the number of CPs, up 8% in H115, further large customer wins, the launch of MVNO cellular services in H116, mobile convergence services in 2017 and the opening of the UK government market to SME tenders, for which Gamma is well positioned.
Underlying
Gamma Communications

Gamma Communications is a communications company. Co. has two main operating segments: Indirect, which sells Co.'s products to channel partners; and Direct, which sells Co.'s products to end users in the SME, Enterprise and Public Sectors together with an associated service wrap. Both operating segments sell a combination of products and services (which is mainly voice traffic from which revenues are derived from channel partners and other carriers as well as rentals for wholesale lines) and growth products and services (which consists of IP voice traffic, rental income derived from SIP trunks, hosted IP voice systems and Gamma's hosted inbound product and data products)

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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