Financial Results

  • 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 gr

  • Agilitas 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%).

  • SCC notches up record revenues

    IT Group SCC posted record earnings for the sixth consecutive year reporting £2.2bn turnover with sales up 18% across EMEA, supported by a strong performance from the product divisions in France an

  • Avaya posts $633m loss for third quarter

    Avaya reported a net loss of $633m for its third quarter to the end of June, after it placed an impairment charge of $657m to write down goodwill at its Products & Solutions division due to red

  • iomart breaks £100m sales barrier 

    Glasgow-headquartered hosting and cloud services group iomart saw sales break the £100m mark for the year en

  • Softcat purrs over 21% sales hike

    Reseller and IT services group Softcat has reported a 21% increase in sales to £434m for the first six months ended 31 January.

  • Midwich reports 21.6% revenue hike

    AV distributor and document solutions provider Midwich published strong results for the 12 months ended 31st December, reporting revenues up by 21.6% to £573.7m. 

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