Managed telecommunications, IT and cloud provider Inabox Group has experienced relatively flat growth following a year of two acquisitions and a restructure, as the business continues to shift its revenue mix from traditional telco driven business into new growth products.
Inabox reported $90 million in revenue for the year ending 30 June 2017, an increase of just two percent.
The company spent $1.5 million on restructuring costs in FY17, related to the $7 million acquisition of Hostworks and $1.5 million acquisition of Logic Communications, and the sale of Inaboxs Hosted Collaboration Solutions (HCS) business to Telstra in June 2016. Inabox spent $1.18 million on redundancies, $284,000 on due diligence and l…
Read the full article at: https://www.crn.com.au/news/inaboxs-15-million-restructure-slows-growth-telco-looks-to-fy18-471851