Waterford firm HCS reports 26% jump in turnover

HCS reports growth across managed telecoms, IT security, cloud infrastructure, productivity solutions, and managed services.

Waterford business HCS has achieved a turnover of €5.2m for 2022, up 26% on the previous year.

The business says it has seen increased demand across managed telecoms, IT security, cloud infrastructure and subscriptions, productivity solutions, and managed services among its customers in the last year.

“The current economic mood music is slightly downbeat, however, we are well placed as a streamlined business operating in growth areas to weather any downturn”

 Driving this growth is the accelerated move to the cloud and a rising need for effective IT and data security due to changes in work practices, as well as a growing focus on technology to reduce costs for businesses.

Secure by design

HCS provides secure integrated IT, telecoms and productivity solutions to enable better business performance for Irish organisations. The company uses secure by design principles to ensure that it significantly reduces risk for customers with security built in. Headquartered in Waterford and with a base in Dublin, the company this year opened a third location in Cork.

Over the past 18 months, HCS has implemented new systems and processes to provide customers with enhanced technology across its solution portfolio. These include Microsoft enterprise resource management (ERP) tools, IT service management capabilities, and a remote management solution to improve operational efficiency and effectiveness. This year, HCS also introduced a series of online learning webinars on key topics such as cloud, security and productivity tools.

HCS is projecting an increased €6.5 million turnover in 2022/2023. This will be driven by increased adoption of cloud infrastructure in the SME sector, operational technology (OT) security, and Microsoft business applications across Office365 and Power Platform.

In June of this year, HCS announced that it is investing €3.2m to double the size of its workforce and business revenues within the next three years.

“It has been an exciting year in the growth of the company as we continue to help our customers adapt to the changing landscape of communications and IT,” said Sean Hegarty, head of Operations at HCS.

“We are providing a wider range of cost-saving and productivity-enhancing services, helping them to grow and innovate.

“The current economic mood music is slightly downbeat, however, we are well placed as a streamlined business operating in growth areas to weather any downturn. Remote and hybrid working practices, increasingly sophisticated cyber threats, and the continued move to cloud-based technologies and services are creating positive momentum as we look forward to continued success into 2023.”

Main image: HCS head of Operations Sean Hegarty

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