BusinessScottish based company DataVita announces their best financial results

Scottish based company DataVita announces their best financial results

SCOTTISH-based DataVita has announced its best financial results alongside significant advancements in its strategic initiatives.

DataVita is a provider of critical digital infrastructure and cloud solutions, whose total sales reached £13.34m for the year ending 30 June 2024, a 46% increase from £9.12m in 2023.

Gross margin improved by 62%, reaching £6.15m, reflecting operational efficiencies and growing service demand; EBITDA rose 87% to £2.61 million.

Danny Quinn managing director of DataVita
The company wants to be a leader in AI

DataVita established National Cloud earlier this year, a new offering that addresses the growing demand for bespoke cloud solutions.

Danny Quinn, managing director of DataVita, said: “This has been a transformative year for DataVita.

“Our exceptional financial performance, coupled with our strategic pivot towards AI-ready infrastructure and bespoke cloud solutions, positions us at the forefront of the industry.

“With the establishment of National Cloud and ongoing investments in sustainability and infrastructure – reinforcing our leadership in environmentally responsible data centre operations – we are excited to continue enabling innovation for our customers and contributing to Scotland’s digital economy.”

DataVita plans to be “Scotland’s leading provider of AI-ready data centres”, launching a range of services designed to meet the technology’s infrastructure demands.

These include data centres capable of supporting cutting-edge workloads with up to 400 kW per rack, a significant increase from the traditional 4 kW capacity.

This gives organisations access to high-performance, reliable infrastructure built to handle complex and resource-intensive workloads.

To complement this move, the company intends to double its data centre capacity to 40 MW in the short term, aiming to reach 500 MW in central Scotland over the next five years.

As part of its commitment to sustainability, DataVita is also integrating renewable energy sources into its operations.

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