Pinnacle expects to deliver ‘significant’ profit growth

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Pinnacle Technology today said its full-year results should show “significant” growth in revenues and operating profits compared with last year.

The Stirlingshire firm, which is best known for providing broadband and other data services at large events such as BBC Radio 1’s “big weekend” concert in Hackney and last year’s royal wedding, is due to unveil its results in February.

In an update to investors, the company said: “We have built an IT services business with a strong base of recurring revenues, operating in niche, high-growth markets such as data, multi-site connectivity and IT security.

“Our large customer base of over 3,000 businesses across the UK represents a significant platform for future growth and our focus is on further cross-sales of our enlarged product suite into this base.”

It added: “As such the board is confident that the group’s performance remains in line with its current expectations for the financial year as a whole.”