Financial Results

  • 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 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


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