Financial Results
SysGroup posts half year sales hike
SysGroup has reported a big rise in half-year sales and another rise in recurring revenues for the six months ended 30 September 2019.Insight sales and profits boosted by PCM buy
The Insight global solutions and services group saw third quarter sales grow 9%, with most of the increase generated by the acquired PCM business.Adept reports sales hike and rise in costs
Adept Technology Group has reported a big rise in sales for the first half, aided by recent acquisitions.PTG posts best ever year of revenue growth
Leeds-headquartered Pure Technology Group (PTG) has reported its largest annual revenue, profitability and staffing growth to date.FluidOne revenue up 11% – secures acquisition warchest
Livingbridge-backed FluidOne is on a roll with organic revenue up 11% year-on-year from £26m to £28.8m and underlying EBITDA up by 33% from £2.4m to £3.2m.Microsoft posts big hike in profits
Microsoft's Q1 figures to 30th September displayed a 14% uplift in revenue to $33.1bn and an operating profit of $12.7bn, up 27%.Deal fall through impacts K3 results
Microsoft Dynamics partner K3 has issued a trading update for the second half, warning that sales will be significantly below market expectations after seeing major deals fall through.Midwich posts solid first half results
Pan-European AV distributor Midwich's results for the 12 months to 30th June show a 19.2% revenue hike to £314.8m, with organic revenue growth of 5.1% (discounting recent acquisitions).Flick points to M&A activity as cloud revenues surge
BGF-backed Olive Communications has reported sharp growth in cloud revenues, up 48% at year end (31st January 2019), driving a three percentage points improvement in gross margins to 44.2%, with grAgilitas reports 30% year-on-year profit hike
Globalisation, relevance to customers and a boost to warehouse efficiency have been credited as the catalysts for a 30% year-on-year hike in Agilitas's profits on a 26% increase in turnover.
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