As reported by CRN, their top VARs 2021 reveal the pandemic’s impact, with some companies seeing profits rise while others face revenue setbacks due to Covid-19.
This special, ten-year anniversary edition of Top VARs includes extra analysis on how Covid has impacted the industry and also looks back at how the skyline has changed since the report was launched in 2011.
Compiling the rankings involved poring over more than 100 sets of annual accounts, most of which covered periods that coincided with at least the first national lockdown.
The top 100’s collective top line rose by seven per cent to hit £17.1bn, down on the 8.5 per cent and 13 per cent growth recorded by their top 100 counterparts in 2020 and 2019, respectively.
An unusually high number (33, versus 24 in Top VARs 2020 and 20 in Top VARs 2019) saw revenues roll back on the previous year as customers closed offices and put IT projects on hold.
On the other hand, many posted record profits as lower travel and event costs fed into their bottom lines, with profit margins across the 100 marginally up and 55 of the 91 eligible firms seeing net profits rise year on year.
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