The Channel logo

News

By | Joe Fay 7th March 2006 13:23

ICM Computer refit will hit figures

But secures further deals

ICM Computer Group said that earnings for the current year will take a hit as it refits a business continuity centre.

The statement came as it released results for the six months to December 31, which showed revenues of £37.4m, compared to £38.7m a year ago. Pre tax profits were £2.1m, compared to £2.5m previously. Excluding one off charges of £582,000, adjusted operating profit was up 5 per cent to £3.1m.

ICM saw strong growth in its business continuity business, and marginally lower activity in IT support. Revenue from IT solutions slipped 14 per cent, though profit contribution remained the same as business shifted towards professional services.

The firm said the rapid refit of its London Essex Business Continuity Centre, but the centre’s startup costs will hold back earnings for the year. It said it has already secured two significant contracts for the centre.®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers