The Channel logo
The Channel uses cookies. Find out more.

News

By | John Oates 15th May 2006 09:11

DCC results coming up rosy

Recovers from rubbish first half

Sponsored: Creating the Storage Advantage

Irish distie DCC saw overall profits rise in the year to March despite a difficult first half for its computer distribution arm SerCom.

DCC brought in revenues of €3.4bn and a profit of €142m for the year ended 31 March 2006.

The computer division - DCC SerCom - bounced back from a bad first half of the year, but still saw revenues fall 4.9 per cent. The second half saw SerCom increase profits by 22 per cent to €17.4m, compared to just €7.6m in the first half of the year - a 37 per cent fall on the same period a year ago.

DCC SerCom was hit by price deflation, a falling UK retail market and significant decline of European enterprise demand. The second half benefited from the increased focus on consumer digital products, the launch of the Xbox 360, and the acquistions of DVD distie Pilton Company and AB Computing.

The division brought in revenues of €1.1bn and made a profit of €25m.

Directors are recommending a dividend of 42.85 cents per share, up 15 per cent on last year. ®

More details from DCC here.

Sponsored: Creating the Storage Advantage

alert Send corrections

Opinion

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware