Ixis enjoys 50 per cent revenue growth and 2.8x increase in operating profit in financial year after its management buyout.
North West digital agency Ixis has almost trebled its operating profits in the first full financial year since its management buyout.
The company, which has offices in Manchester, Warrington and London, generated revenue of more than £1.7 million for the year to April 2018. This was up from £1.1 million a year earlier.
Operating profits soared from £227,000 to £638,000 for the 12-month period.
Ixis attributed its strong results to new client wins with the likes of IBM, Uniper Energy and Blue Prism, along with renewals by existing customers like the British Council.
“I couldn’t be happier to be reporting financial success on this scale,” said managing director Mike Carter, who took over Ixis in May 2017 following the departure of co-founder Chris Haslam.
“It’s a testament to the hard work, ambition and creativity of the entire Ixis team, and the positive impact of the management buyout that we completed just 18 months ago.”
Ixis, which launched 14 years ago, has historically specialised in creating and supporting websites and other online resources using Drupal.
The firm is now expanding its development, support and hosting capabilities to include other open source platforms such as WordPress, Magento and Shopware.
Carter added: “Ixis has big goals; we’re now seeking to build on the outstanding reputation we have developed in Drupal, and expand out into other platforms.
“Ultimately, open source technologies allow us to offer the greatest flexibility, creativity and most bespoke service to clients, so that’s absolutely where we want to retain our specialist focus.
“We expect 2019 to be a very exciting year.”