Financial Results

The expansion of its IT Complete platform, acquisition of phishing defence solution Graphus and launch of a Covid-19 assistance programme helped Kaseya generate record earnings and expand by over 2

Infrastructure services firm and reseller Softcat has issued a positive trading update for the half year to 31st January 2021, with strong demand from the public sector in particular.

ScanSource shares fell 10% on news of a 22% sales dip in Q4, primarily due to the impact of the Covid-19 pandemic which resulted in lower demand from its mainly SMB customers. 

Ingram Micro reported a 'solid' second quarter ended 27th June despite witnessing a $1bn-plus annual drop in sales, partly due to the ongoing pandemic. 

Zoom's Q2 results for fiscal year 2021 show revenues of $663.5m, up 355% year-over-year. 

Dell shares rose 2% on the back of a strong Q2 despite the Client Solutions Group missing revenue estimates, reported at $11.2bn versus the $11.52bn expectation.

Cisco shares fell 5% after it topped expectations with its fiscal Q4 earnings but issued downbeat guidance for the current quarter, the start of its new fiscal year.

Avaya set a 'personal best' with 89% of total revenue generation from software and services according to its Q3 financial results.