tTech records steady growth for third quarter
RECKORD ... we and ourcybersecurity partners havebegun formal testing of newdelivery and monitoringmethodologies of moreadvanced cybersecurityservices for our customers

Managed IT services provider tTech Limited is reporting an unaudited after-tax profit of $6.7 million for its third quarter ended September 30, 2021, a 21.8 per cent increase over 2020's $5.5 million.

The company also achieved revenue of $96.8 million, a 4.8 per cent increase over the corresponding period in 2020, in which it recorded $92.3 million.

This quarter represents the third reporting quarter in phase two of the Junior Market incentive where the minister of finance remits 50 per cent of the tax payable by a Junior Market listed company in the sixth to tenth years.

Meanwhile, expenses for the period totalled $56 million, which was a 5.4 per cent decrease compared to the $59.2 million of the corresponding period in 2020.

Earnings per share for the period under review stood at $0.06, an increase when compared with the $0.05 recorded in the previous corresponding quarter.

Describing the quarter as “very positive”, the company said it benefited from increased interest in services, which has also resulted in increased site visits and other sales-related activities to prospective customers.

During the 2021 year, tTech publicly launched its data protection as a service in partnership with data privacy consulting firm, Design Privacy.

“With the passing of the data protection law and recent announcement by the Minister of Science, Energy and Technology Daryl Vaz that the Government of Jamaica's information commissioner will take office on December 1, tTech is positioned to facilitate and enable data compliance,” the company said in its report.

It noted that as a result of the company's robust data protection campaign, it received positive feedback and increased its prospect pool of potential revenue.

Speaking on the prospects, tTech's CEO Christopher Reckord said that, “Digital transformation projects are increasing nationally, so the demand for advanced cybersecurity solutions is also increasing. We and our cybersecurity partners have begun formal testing of new delivery and monitoring methodologies of more advanced cybersecurity services for our customers. This will see us extending to an around the clock cybersecurity monitoring service soon”.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at


  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email:
  7. Lastly, read our Terms and Conditions and Privacy Policy