Communications

    Comms Group reports record $14.1M revenue for Q3 FY25

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    Comms Group (ASX:CCG) has announced a performance for the quarter ended March 31, with total revenue reaching $14.1 million, driven by strong results across its key business divisions.

    The company achieved its highest-ever monthly revenue in March, totalling $5 million.

    This performance was underpinned by $1.4 million from its Global business, $1.7 million from Secure Modern Workplace Solutions, and $2 million from Cloud Communications and Collaboration.

    The quarterly results show growth, with the Global business seeing a 26% increase in March revenue compared to the first half of FY25.

    This surge is attributed to new business from domestic and multinational clients. Both the Secure Modern Workplace Solutions and Cloud Communications segments recorded solid results.

    Looking ahead, the company expects continued growth in its Global business as major customers across 20 countries begin provisioning.

    Comms Group also signed $2.4 million in new sales contracts during the quarter, bringing the year-to-date total to $8.4 million in annual recurring revenue.

    New clients include major international players in automotive, energy, finance, insurance, government, aviation, and consumer products.

    On the operational front, Comms Group made progress with system consolidations and cost-saving initiatives, including a $300,000 annual saving from a new hypervisor platform for its private cloud services.

    The company also secured the UK Cyber Essentials Plus certification, enhancing its cybersecurity credentials and expanding opportunities for government contracts.

    At the time of reporting, Comms Group's share price was $0.052.

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