- Fall in the overall value of recurring revenues
- Strategic acquisition of Piksel cloud service business
A lot of companies have stated that straight comparisons to last year aren’t always useful because Covid-19 lockdowns decreased trade activity so dramatically. For Redcentric (RDN), it is the opposite. The shift to remote working meant there was an immediate increase in demand for its services. Now, a “dearth of large-scale IT projects” and the ongoing global microchip shortage are constricting revenues.