The Channel logo

News

By | Team Register 2nd March 2006 12:48

Morse continues services shift

Revs down, profits up

Morse plc saw revenues slip but profits increase in the last six months of 2005, figures released yesterday showed.

Turnover was £187.5m, compared to £194.4m last year (excluding discontinued operations). However, revenue from services, which the company is now focussing on, were up 18 per cent.

Pre-tax profits were £6.1m, up 61 per cent, compared to £3.8m a year ago (excluding discontinued operations.

Morse said the results were evidence of a successful transition from pure reselling towards services, with 52 per cent of turnover and 64 per cent of profit coming from services.®

alert Send corrections

Opinion

ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Tom Pappas

We all know hardware lasts longer than 3 years so why bin good kit?

Features

SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on
Windows 8.1 Update Start Screen
As good as it gets, for now
Is everything fatally borked? Not quite, say security godheads