The Channel logo

News

By | John Oates 23rd November 2005 16:27

Phoenix enjoys first half

Revs and profs up

Phoenix IT Group increased revenues by 32 per cent to £54.8m for the first six months of the year ended 30 September 2005.

Profits before tax for the period grew 25 per cent to £8.9m. The company is paying an interim dividend of 1.38p per share.

Nick Robinson, chief executive at Phoenix, said it had been an encouraging start to the year and the company had widened services it offered over the period, especially in disaster recovery through the acquistion of NDR.

Additionally the company said it was still talking to the Department of Work and Pensions about extending a contract due for renewal 31 December 2005. Phoenix is optimistic this will be extended for at least part of the services currently offered but that the final negotiations might reduce profitability. It warned there was no certainty but a further announcement would be made soon. ®

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust