Gamma Communications’ first half lifts shares

Shares in AIM-listed Gamma Communications (LON:GAMA) have climbed by 6.12% to 1,560p (as of 15:20 BST) after saying that trading in the UK and Europe had been resilient during the six months ended 30th June with minimal changes in customer behaviour. The company made a number of acquisitions over the six months and this has continued after the period end.

CEO Andrew Taylor commented: “I am encouraged by our performance in the first half of 2020 given the difficult economic conditions. Our staff have worked incredibly hard to keep the business running remotely and to ensure that we continued to deliver an excellent level of support to both our channel partners and our end users. I am very pleased with our continued focus on delivering against our near-term commitments as well as the execution of our longer-term UCaaS strategy, as exemplified by our geographical expansion into both Spain and Germany, and the strengthening of our UCaaS capabilities through the acquisitions of Exactive and Telsis in the UK. I am delighted to welcome all of our new colleagues from Exactive, Voz, HFO and GnTel into the Gamma family“.