The Channel logo


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


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.