DCM reports strong growth in 2022, revenue up 16 per cent
March 24, 2023 By PrintAction Staff
Data Communications Management (DCM) reports continued momentum in the fourth quarter of 2022 with revenue up by 20 per cent, gross profit up 33 per cent, and EBITDA up by 89.9 per cent, compared to the fourth quarter of 2021, respectively.
For the year ended December 31, 2022, revenue is up 16.3 per cent, gross profit is up 21.1 per cent, net income is up 792.4 per cent, and EBITDA is up 45.3 per cent, compared to 2021, respectively. Revenue growth has been driven by a combination of expansion revenue with existing clients and new business wins. Gross margin growth exceeded revenue growth.
“We are pleased to report on our success in 2022, which demonstrates our continued progress building both a better and a bigger business. With our recent announcement of the planned acquisition of RRD Canada, we believe we are well-positioned to further accelerate our positive momentum,” says Richard Kellam, CEO and president of DCM. “I would like to thank the entire DCM team for a strong finish to 2022, and a special thanks to the team’s continued, relentless focus on building both a better and a bigger business. Results like these only come when everyone is moving forward together. We look forward to reporting on continued positive momentum through fiscal 2023.”
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