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

Dale Vile

Or more to the point, what people do with it
Photo of HP Enterprise office
Apple Mac Mini late 2014

Features

Collapsed house
‘AWS is to the era of cloud what Microsoft is to client/server’
Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account