Financial Results
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.Maintel announces H1 results and CEO's departure
Maintel's interim results for the six months to 30th June 2019 saw revenue down 3% to £64.5m (H1 2018: £66.5m) with recurring revenue at 69% (H1 2018: 70%) and gross margin at 29% (H1 2018: 27%).
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