Phoenix IT Group managed to hold up revenues and profits despite contract changes at its biggest customer.

For the six months ended 30 September revenues were down to £54.4m from £54.8m for the same period last year.

There are some delays in contracts at Phoenix IT Services but good growth in disaster recovery division NDR (Network Disaster Recovery). NDR made revenues of £9.2m, up from £7.3m, and signed its largest ever contract at £700,000.

Results were hit by changes to Phoenix's largest contract, desktop support for a government department, which meant reductions in the scope of work as well as more pressure on price.

The takeover of Servo Computer Services, announced earlier this month, will help Phoenix better target small and medium businesses.

Read the whole release here. ®

Related stories

• Phoenix flies steady course in Q3 (28 January 2008)
• Phoenix shareholders say yes to ICM bid (25 May 2007)
• Phoenix maintains gentle ascent (21 May 2007)
• Phoenix makes tentative offer for ICM (16 March 2007)
• Phoenix IT confirms talks to buy ICM Computer (19 January 2007)
• Phoenix tears Stafford from BT (8 January 2007)
• Phoenix coughs £30.25m for Servo (6 November 2006)
• Phoenix jacks up profits (18 May 2006)
• Phoenix profits better than expected (31 March 2006)
• Phoenix IT survives EDS takeover at DWP (13 January 2006)
• Phoenix IT confident on year (27 September 2005)