By Alex Scroxton14 August 2008
Phoenix IT has issued a
trading statement for the period between 1 April and 13 August, revealing that
although financial results have so far fallen in line with the board’s
expectations, the firm’s Business Continuity and Servo divisions have been “tempered
by softening in the market for partner services”.
In spite of the worsening
conditions, Phoenix
insisted its forward visibility remained good, and it was well-positioned for
growth over the remainder of its fiscal year.
The IT services firm did not
disclose concrete results, but did reveal that on a pro-forma basis, the
acquisition of disaster recovery group ICM boosted its sales by 13%. The unit
is expected to be fully integrated by this autumn.
Reflecting a common trend in
the market right now, Phoenix
also reported its order book and annualised contract values were up by 6% and
8% respectively.
