Full year pre-tax profit at IT services provider Phoenix IT Group has plunged 85% after the firm booked non-recurring costs of £14.9m relating to its ongoing re-organisation programme and £8.1m relating to the end of the ICM brand. Sales declined 2.6% to £264.6m.
Phoenix is currently attempting to take out costs of up to £4m per annum out of its business and has already re-organised itself into a single integrated structure as of 1 April this year, focused around five key customer-facing business units.
The reaction of the security industry to the discovery of the Flame threat, which appears to be the most complex attack launched so far in the ongoing cyber-war, has been to call for resellers to sell customers greater layered defences.
Lenovo EMEA products and channels vice president Vincent Fauquenot said that to achieve its ambition of being a top three PC vendor in EMEA, it will need to drive $1bn (£642m) worth of additional revenues through the channel this year alone.
Storage and network solutions provider Lanway has appointed former Equanet head of southern sales, David Holt, to run its own sales organisation.
Microsoft has warned that those users that stick with Windows XP after support runs out face spiralling costs looking after a PC estate running its old operating system.