Xploite sees upturn in 2008 financials

Managed services specialist Xploite has talked up the prospects for services and software growth this year after posting results for fiscal 2008 that showed a marked rise in revenues and profits.

Managed services specialist Xploite has talked up the prospects for services and software growth this year after posting results for fiscal 2008 that showed a marked rise in revenues and profits.

In the 12 months to 31 October 2008, the company which trades as Anix - a managed services and storage reseller - and Storage Fusion, saw revenues grow 60% to £46.3m, as profit rose 50% to £300,000.

"The current world market place makes for a potentially difficult time for IT services businesses," said Xploite chairman John Standen, in a statement.

"However, in an economic downturn all companies look to save cost and in both Anix and Storage Fusion we have businesses that allow our customers to do just that," he added.

Demand for managed services would continue to grow, the firm added as both public and private sector organisations look to outsource to third parties that can implement and host applications.

The storage resource analysis tool is sold as a service but also licensed to customers and Standen said it expected license sales to strengthen in 2009 but also planned to set up its own portal to build hosting sales.

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