The Channel logo

News

By | Team Register 23rd February 2006 12:22

Compel prelim revenues unchanged

Stable market

Compel described a relatively stable IT market yesterday as it turned in preliminary results that met City expectations.

Compel’s turnover for the six months ended December 31 was unchanged year on year at £41m. Operating profit was up 10 per cent on the year to £1.2m. Pre-tax profits were £931,000, compared to £1.2m last year. This was after non-recurring acquisition related costs of £271,000 and share based payments of £75,000.

The firm said the IT market was showing relative stability, while customers continued to be prudent and careful with their expenditure. It also said some of its largest customers were extending the time in which they paid invoices. ®

alert Send corrections

Opinion

Microsoft Surface bomb
Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that