Zonal grows turnover to £54.3 million

Published: 03 April 2018

Edinburgh-based hospitality technology solutions provider, Zonal, has grown its turnover 20.5% to reach £54.3m (up from £45.1m.)

Zonal’s long term investment rationale including a focus on its Software as a Service (SaaS) business, with its recurring revenue model, is paying dividends with a 62% year on year sales growth.

Zonal remains fiercely independent, which enables us to be nimble and quick to respond to the ever-changing world of technology...

Stuart McLean, Chief Executive , Zonal

 

During the period, Zonal continued to enjoy strong sales and the rapid expansion of its customer base, with installations at over 1,800 new locations, along with significant existing customer upgrades and new product sales. Leader Cast This growth is continuing into the new financial year, with the company recently securing several new contracts within the wider hospitality environment and a significant future sales pipeline.

In the last financial year, Zonal increased spend on R&D by over 27% to just under £5m. Investment focused on Zonal’s industry leading Aztec EPoS, including the development and launch of Dimensions+, an insight-based solution that unlocks valuable operator data to paint a detailed picture in one single view...

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