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

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club