Feeds

Viglen profits remain linear at best

Move into services

  • alert
  • submit to reddit

Mobile application security vulnerability report

Amstrad lovechild Viglen Technology will try and dig its way out of continually flat profits by re-focusing its efforts on networking and value-added software services. The company's aim is to move away from purely direct PC sales which took a massive hit last year as market share fell by 50 per cent. Viglen has just announced pre-tax profits of £4.4m on sales of £94.6m and warns that it expects profits to remain "linear" in the foreseeable future. Chairman Alan Sugar, who is no stranger to ringing the changes, has confirmed that the company will metamorphose into a networking and software services provider but not at the expense of its education market. Viglen has performed well in education with a 14 per cent increase on sales from the previous year and this includes both PC and software sales. The company's acquisition of Xenon Networks in February this year enabled the company to change tack and this is where Sugar sees future growth and profit margin. However, Sugar has also committed himself to increasing the workforce in the education division "as we are committed to growing out share of the schools market," he said. Viglen's share of the direct market has been halved while sales to corporates have also been hit and Sugar is looking to networking as a way of getting the company back in line. "It's something that Viglen had to do," said Adrian O'Connell, PC analyst at Dataquest. "Elonex and Tiny already offer this kind of service so there will be plenty of competition. It's unlikely to turn them into a success story but should help keep the wolf from the door."&reg: Click here for more stories

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.