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KCOM profits swell despite group sales decline
Unaudited annual pre-tax profit at KCOM Group has grown by more than 55% to £51.1mas a result of increased EBITDA and reductions in both exceptional costs and the overall cost of borrowing. Group executivechairman Bill Halbert said this morning... News
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Tech Data reports mixed first quarter, sales down, profits up
Quarterly sales at Computer 2000 parent Tech Data have fallen substantially short of expectations, dropping 7.9%to $5.8bn (£3.6bn) in a torrid macroeconomic environment, with weak foreign currency performance against the US dollar accounting fo... News
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Post-Comet life remains tough for Kesa
Electrical retailer Kesa has found life without Comet not much easier after weak economic conditions too their toll on the high-street player. Having off-loaded Comet to Opcapita for the princely sum of £2 back in February the latest trading up... News
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Poor strategy leaves IT organisations unaware of debt issue
New global research confirms IT organisations need a more robust application portfolio management strategy to curb IT debt and inform mainframe investments, writes Linda Endersby. A hefty46% of IT decision makers have admitted they do not know the va... News
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Exclusive sales power to quarterly high
Self-styled superVAD Exclusive Networks has booked first quarter sales of €62m (£49.5m),breezing comfortably pastboth salesand margin targets with 29% year-on-year growth. The firm, which picked up VADition11 months agoto fill out its UK propos... News
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Datatec despairs of UK economy
Datatec, the South Africa-based group behind Westcon and Logicalis, has reported a solid end to its fiscal 2012 which closed on 29 February, but once again has bemoaned a challenging economic environment in the UK, revealing that the bulk of its grow... News
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Cutting taxes and red tape pitched as way to encourage growth
With the Eurozone economic crisis deepening the pressure is being raised for the government to do more to help British businesses. As the newly appointed French President travels to Berlin to talk of a need to shift the focus from austerity to growt... News
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Dixons trading year ends on positive note
Dixons Retail has published trading results for the 16, 28 and 52 weeks ending 28 April 2012, showing sales down but better than expected, writes Linda Endersby. Although total group sales were down 3% over the year the period had a positive end with... News
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Cisco bosses round on Huawei
Cisco's top brass have again shown they have Huawei on their minds, talking extensively about the competition and in particular their response to the growth of their Chinese rival on a conference call marking the end of Cisco's third quarter. Outspok... News
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Leasing becoming an option for cash-strapped firms
More customers are turning to leasing as a way to get access to funds in a bid to catch up on a few years of sluggish IT investment. Research carried out by Equanet has highlighted a three-year gap in technology investment, which is hampering effici... News