The Channel logo

News

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

Opinion

Merlin Data Center Interior

Trevor Pott

Enterprises want them, but they're still a pain in the ASCII
WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire