The Channel logo

News

By | John Oates 28th September 2009 08:20

Steady as she goes at Phoenix

Sailing serenely on

Phoenix IT Group said trading for the six months ending 30 September 2009 has seen some improvement in the second quarter.

The board of directors confirmed that trading and cash generation were in line with expectations. The firm said trading had improved from the first quarter, and annualised contract values stopped falling in the second quarter and the management remains confident in the outlook for trading for the whole year.

The reseller blamed a five per cent fall in first quarter revenue on recesssion-wary customers avoiding hardware and services spending, especially mid-sized firms.

For more detail we'll have to wait until 23 November, when Phoenix releases results for the six months ending 30 September. Phoenix's statement to the Stock Exchange is here. ®

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs