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

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me