The Channel logo

News

By | John Oates 15th May 2006 08:27

RM talks tough market

RM reports: could do better

Schools provider RM posted reasonable results for the six months ended 31 March, in what it described as "tough market conditions".

Revenues were up five per cent to £114.2m on the same period a year ago and profit before tax was £2m, reversing a loss of £0.9m last year.

The firm said budget pressure on individual schools was increasing as a result of the introduction of teaching and learning responsibility payments. Sales of software were hit by these lower budgets and the BBC's schools software "jam".

Infrastructure software and services made up £39.9m in sales, education software and services contributed £26.2m, and hardware and distribution brought in £48m.

RM said its Building Schools for the Future (BSF) project had got off to a slower than expected start - to date it has one just one contract in Solihull. The company continues to believe BSF will pay off - but for 2007 it will continue to be an expense. A lot of school spending is seasonal and RM usually does much better in the second half of the year.

More from RM here. ®

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