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  • Restructuring costs wipe out Phoenix profits

    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 ... 

  • HP slashes staff, restructures as profits plunge 31%

    HP has announced plans to ditch 27,000 jobs, or 8% of its workforce,and will embark on a radical restructuring programme in a bid tocutcosts of between $3bn to $3.5bn (£1.9bn to £2.2bn) over the next two years. Besides headcount reduction... 

  • Lenovo growth outpaces PC market again

    Lenovo has proven once again that it seems to have hit on a secret formula for growing PC sales, after powering to record full-year numbers and booking quarterly sales growth of 54%, making it the fastest growing 'top four' PC vendor for the 10th qua... 

  • Michael Dell pins Windows 8 hopes on consumer upgrades

    Michael Dell has spoken of his hopes for the upcoming launch of Microsoft Windows 8, saying that although enterprise buyers were still in the process of upgrading to Windows 7 and would tend to hold off, there were earlysigns of a massive refresh in ... 

  • 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... 

  • 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... 

  • 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... 

  • 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... 

  • 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... 

  • 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...