The Channel logo

News

By | Kelly Fiveash 21st June 2007 10:35

Computerland racks up profits

product margin dip

Computerland PLC made pre-tax profits up 26 per cent to £2.80m, according to preliminary results released by the IT managed services firm.

Turnover rose 13 per cent to £67m for the year ended April 2007, the figures showed.

Computerland said it performed strongly in contracted revenues, up 49.3 per cent, largely due to O2 and British Sugar wins.

But it wasn't all good news, with project services revenues remaining flat at £2.9m for the year.

Nottingham-based Computerland also saw the gross margin on product sales decline slightly, and blamed "market pressure and a higher proportion of sales to larger clients".

Chairman and CEO Graham Gilbert said: "During the course of the current year we will be increasing investment in sales and marketing to ensure that we maximise the growth potential of our service offerings."

The dividend paid to shareholders increased 25 per cent to 7.5p.

Trading is mixed, however, with shares down 2.72 per cent on the London Stock Exchange.

The full financial statement is here. ®

alert Send corrections

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on