Phoenix profits better than expected

Phoenix IT Group said it had enjoyed “another successful year” in a trading statement issued yesterday.

The services firm said it expects profits to slightly exceed expectations.

It said it had continued to develop its core Phoenix business while its acquisition, NDR, had continued to perform strongly. It also pointed to winning part of a major government deal via EDS.

Meanwhile, finance director David Taylor is leaving Phoenix as of today. He will be replaced by David Simpson, who was previously group financial controller.®