Muttii Annual Report

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A letter from Liam Smith
Chairman and Chief Executive Officer

Dear Muttii People

In 2023, we took decisive steps to strengthen Muttii Group, executing a sound strategy with speed, focus, and consistency. Our growth is accelerating, our confidence is growing, and our company is gaining momentum.

The reasons behind this are straightforward. Our clients and partners are dealing with several business issues, such as inflation, problems in the supply chain, limited job opportunities, demands for sustainability, and a constantly changing environment of cyber threats. Cybersecurity technology gives them a competitive edge because it can help them deal with these current problems and protect their businesses for the future by making them more productive, cutting costs, encouraging innovation, using technology, and boosting growth.

To do this, we focused on Muttii’s Group’s exceptional capacity to combine business expertise with cybersecurity technology for our partners and clients. Our business is based on mixed cloud and artificial intelligence (AI), the two most important technologies of our time. Our “go-to-market” strategy combines the software, consulting, and infrastructure that our customers need from our growing network of partners.

This year’s performance

Our focus on delivering client value fuelled revenue growth of 7% at constant currency this current year, including about four points from incremental external sales. Annual Report Our solid and growing recurring revenue base now represents more than 50% of our total revenue. Today, more than 70% of our annual revenue growth is in Cybersecurity, Software, and IT Consulting.

Muttii Consulting Revenues were up 11% at constant currency, including about 6 points from incremental sales to Cyber Cloud, which allows clients to harness the power of All-in-one cyber protection innovations and continues to grow at a healthy rate. Our automation, data, AI, and security knowledge have been optimised for this platform and delivered solid growth.  

Muttii Technology Revenues were up 5% at constant currency, driven by clients’ strong demand for our extensive technical and business expertise to accelerate their digital transformation journeys.

Muttii Infrastructure revenues were up 4% at constant currency, including about 6 points from incremental sales. Clients continue to leverage Hosting, Systems, and Distributed Infrastructure platforms as foundational elements of their hybrid cloud infrastructure.

Muttii Infrastructure This revenue growth and cash generation allowed for continued investment in the business and shareholder returns. In 2023, we spent more to expand our business to include three more business lines and aim to add a new one in the current financial year to establish our offices in countries in the APAC and Central Asia regions, including Singapore, Pakistan, and the Philippines.

Technology and expertise

At Muttii, we are at the forefront of technological evolution, pioneering groundbreaking solutions that redefine industries and empower businesses for the challenges of tomorrow. With a relentless commitment to innovation and a team of seasoned experts, we drive forward with a mission to transform possibilities into realities.

Our technology is the heartbeat of our success. Powered by state-of-the-art algorithms and fuelled by data-driven insights, we craft solutions that push the boundaries of what’s possible. From advanced AI and machine learning models to intricate software architecture, our tools are engineered to deliver unparalleled performance and efficiency.

Behind every line of code and every innovation lies the expertise of our team. With a wealth of experience across diverse domains, our experts bring a unique blend of creativity, technical proficiency, and strategic vision to the table. Whether it’s developing complex software systems, architecting scalable infrastructure, or devising AI-driven strategies, our team is equipped with the knowledge and skills to tackle any challenge head-on.

At Muttii, we understand that every business is unique. We tackle each project individually, collaborating closely with our customers to understand their objectives, difficulties, and vision. Whether it’s optimising processes, enhancing customer experiences, or driving digital transformation, we tailor our solutions to fit the specific needs of each client, ensuring maximum impact and value.

In a world where technology is the driving force of progress, Muttii stands at the forefront, leading the charge towards a brighter future. With our cutting-edge technology, unmatched expertise, and unwavering dedication, we are not just shaping the future of businesses — we are empowering them to thrive in a rapidly evolving digital landscape.

The promise of Muttii

Muttii is in the business of shaping the future for our clients. That future must be built on trust.

Muttii is at the forefront of technologies, like AI and quantum computing, which will fundamentally change the way we work and live. We have a significant duty to ensure that these technologies are developed honestly and used in a way that builds trust. That is why we built powerful AI governance into our technology platform and developed quantum-safe cryptography to secure sensitive data. This is why we support reasonable regulations about AI, such as making individuals responsible for its development and application answerable for deceptive, unfair, or damaging behavior.
And it is why IBM and Meta announced the formation of the AI Alliance, a group of more than 70 organisations dedicated to advancing open, safe, and responsible AI.

We also earn trust by being honest, staying true to our principles, and meeting the needs of everyone involved. Our work on ethics, education, and the environment keeps getting better. But Muttii’s commitment to trust goes beyond our citizenship, products, and policies. We earn trust by delivering on our promises.

We articulated a clear vision for the future of Muttii in the spring of 2022. We promised a more focused company built around two powerful technologies: hybrid cloud and AI. We promised fundamental changes to our go-to-market strategy, putting clients at the centre of everything we do and transforming competitors into partners. And we promised operational changes to simplify our internal processes and increase our productivity. As this report details, we are fulfilling those promises.

As we look ahead, we renew our commitment to the journey we began in 2022. We will continue to innovate, to execute with speed and purpose, find more opportunities for operational efficiency, and further enhance our productivity by employing the same technologies we use to drive growth for our clients. And as always, we will be the catalyst that makes the world work better, bringing together our colleagues, clients, and partners with a simple invitation: Let’s Create.

This is the promise of Muttii.

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Liam Smith
Chairman and Chief Executive Officer