Feeds

Delphi flogs off US and French branches

Not so oracular, huh?

  • alert
  • submit to reddit

3 Big data security analytics techniques

Training and recruitment company Delphi is lopping off its US and French branches in the face of worse than expected interim results for the six months ending 30 June. For the first half of 1998, turnover stood at £162.2 million, an increase of some 22 per cent on £133.4 million for the first six months of last year. Profit, however, fared less well; operating profit fell by 23 per cent to £5.8 million, from last year's figure of £7.6 million In a statement issued today, Delphi chairman and CEO, Tony Reeves, said figures had been hampered by a "poor performance in the US" which he hoped would soon be eliminated. In October 1996, Delphi bought Alpine - a solutions provider, based in the US - but, less than two years later, the decision has been taken to find a buyer for the struggling reseller. Delphi is in talks with three interested parties.® Delphi is also selling off its stake in a French company, Decan, even though this company has out-performed expectations. Delphi owns 30.8 per cent of Decan, representing an investment of £10.7 million, whereas the market value of Delphi's stake in the publicly quoted company stands at £23 million. The sale will provide Delphi with a welcome injection of cash. Reeves said: "We have taken the decision to exit solutions, to divest our investment in Decan and sell Alpine to a strategic partner as soon as practical." This will leave Delphi focused exclusively on staffing and training provision. A representative of Delphi Group said that despite recent difficulties, the company was optimistic. "The management's strengths have always been in the fields of staffing and training," she said. "This is a process of restructuring which will see good growth across the whole of the group." Novell is embarking on a major push to promote the latest gong for its channel partners to hang on their walls. The PartnerNet programme, which is scheduled to complete its roll out at the end of October, offers resellers throughout the EMEA region training, cut-price support and free software.

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.