Results
BT Sourced reports revenues of £122 million in maiden results
The BT-owned standalone procurement company had pre-tax revenues of £100 million
BT Sourced, an Irish-headquartered standalone procurement business owned by the telecoms giant BT Group, reported revenues of £122 million (€137.8 million) in its maiden set of results, with pre-tax revenues totalling £100 million.
The business was established in 2020 to manage BT’s global procurement need as part of a restructuring programme aimed at delivering savings of £2 billion by 2025. BT Sourced, which has a £13 billion annual budget, announced 100 jobs in Dublin in ...