Report
Konrad Zomer ...
  • Stephane Beyazian

Gamma Communications : Good H1 22 in contrast to BT and positive impact of MS Teams

>Strong UK growth (+8%) in contrast to BT’s enterprise issues - Gamma reported 8% revenue growth y-o-y in H1 2022, of which 9% in the UK and 1% in the rest of Europe. The strong and unchanged momentum in the UK is reassuring and in contrast with BT’s deterioration in the last quarter (-6.8% y-o-y), the latter claiming challenging market conditions in large corporates (as well as ongoing legacy product declines and the loss of a wholesale MVNO customer). Gamma’s UK gro...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Konrad Zomer

Stephane Beyazian

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch