Feeds

ICM results better than expected

Attractive bid target

  • alert
  • submit to reddit

Intelligent flash storage arrays

ICM Computer Group has come in comfortably ahead of forecasts in its London Stock Exchange maiden set of set of results. The Leeds-based company reported £3.43 million PBT (on continuing activities), 43 per cent up on 1997, and ahead of the £2.85 millon flotation forecast. The figures include a one-off loss of £502,000, related to the sale of ICM’s Dutch business to an MBO team, and the sale of Applied Computer Systems. Sales on continuing operations grew 28 per cent to £35.1 million (£28.8 million) ICM’s business is organised around three core activities: IT Customer Support; Business Continuity Services (more usually termed "Disaster Recovery"); and IT Solutions (a corporate reselling arm). Richard Holway, the UK’s best known software and services analyst, reckons ICM is an attractive bid target. ICM is a "super little company which came to the market at a sensible rating and has performed well. Even more importantly, with its long term relationships, it is the kind of operation which could be relatively immune to the inevitable slowdown", he says. ®

Beginner's guide to SSL certificates

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?