The Channel logo

News

By | Joe Fay 27th April 2012 07:00

Northamber lay-offs put it in the red

Back in profit at operating level, though

Northamber headed itself off from reporting a profit for the third quarter after it trimmed its workforce in the face of declining sales of volume products.

The veteran distie said in a trading statement yesterday it enjoyed an "encouraging" quarter but in typical Eeyore-ish style said it is too early to determine if "green shoots are assured".

The firm returned to operating profit in its third fiscal quarter, as it continued its effort to shift away from volume products and vendors. It said it had reduced its rate of revenue erosion, and third quarter revenues were only £609,000 lower than the previous quarter.

But the erosion of volume sales prompted it to cut logistics staff numbers, which came at a cost.

"But for the redundancy costs, the Company would have been profitable for the quarter at the pre-tax level," it said in the statement.

Overall, it said, "We remain cautious for the remainder of the current financial year albeit perhaps with a little more optimism than we observed several months ago." ®

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust