The Channel logo

News

By | Team Register 14th August 2008 09:33

Phoenix IT revs up in Q1

Q1 revenues were up 48 per cent for Phoenix IT, which posted an interim management statement today on the three months ended 30 June. The UK IT outsourcing group is not revealing hard figuers, but it says that organic revs were up 13.8 per cent, with the rest of the gain reflecting the fact that new-ish acquisition, the disaster recovery group ICM, contributed just one month's revenues to the same period last year.

Year-on-year, the order book and annualised contract values wer up 5.9 per cent and 8.4 per cent. Net debt stands at £110.5m at 31 July, in line with forecasts. The debt is attributed to a big capex programme for disaster covery and hosting centres and to finance leases. Also, Phoenix IT notes one-off costs arising from integration activities.

Interim statement

alert Send corrections

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me