Outsourcery upbeat despite £7.2m loss

Oliver Smith
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OUTSOURCERY co-chief executive Piers Linney, star of the Dragon’s Den, described the company’s first year on the stock market as “getting our ducks in a row” yesterday, after reporting revenue growth alongside continuing losses.

The cloud computing firm’s revenues grew 44 per cent to £5.2m , but it reported a narrower loss of £7.2m compared to 2012’s £7.6m loss. “There isn’t a single pound of revenue in our numbers for 2013 from our very large telco partners, that’s still to come,” said Linney.

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