The Channel logo


By | Team Register 8th August 2008 09:41

Systemax Q2 revs jump 17%

Claims strong quarter

Systemax shrugged off the credit crunch in Q2, with sales jumping 17 per cent to $758m for the three months ended June 30. The direct marketing IT reseller and PC builder, noted stronger demand in North America and Europe in the quarter and it held gross margins steady at 15.3 per cent.

However, net income fell 1.6 per cent year on year to $13.8m on the back of lower interest income, higher income tax and integration costs for CompUSA. Systemax bought 16 retail stores from the ashes of the collapsed US super-chain in January.

The company operates as Misco in Europe, and runs heaps of brands in North America, of which Systemax, Tiger Direct and CompUSA are the best known.

Earnings statement. ®

alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe